10.67 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||10.50 x 1800|
|Ask||10.97 x 800|
|Day's Range||10.67 - 10.72|
|52 Week Range||9.45 - 11.36|
|Beta (3Y Monthly)||0.83|
|PE Ratio (TTM)||19.16|
|Forward Dividend & Yield||0.41 (3.79%)|
|1y Target Est||N/A|
Most closed end funds ("CEFs") trade at a discount to NAV, and in some cases, at substantial discounts of 15%-20%, explains George Putnam, editor of The Turnaround Letter.
For many, the main point of investing in the stock market is to achieve spectacular returns. While not every stock...
The stock market appears poised to at least make a run on the all-time highs set in 2018. The Standard & Poor's 500-stock index gained 13% during the first quarter of 2019 alone and has kicked off Q2 in a full-blown sprint.Will it continue? On the one hand, several drivers still are in play, including still-low U.S. unemployment, inflation being kept in check and an accommodative Federal Reserve that appears poised to keep interest rates steady for the rest of the year. While the S&P; 500 is extremely unlikely to match its roughly 20% profit-growth rate in 2018, Blockforce Capital CEO Eric Ervin, for one, says he still is "cautiously optimistic" for America's economy this year. "Corporate earnings should continue to grow in 2019, albeit at a potentially slower pace," he says.But looming are a host of worrying issues, such as troubling global economic data points, continued uncertainty about U.S.-Chinese trade and an upcoming Q1 earnings season that FactSet analysts expect will mark the first quarterly year-over-year profit decline since 2016.Here are nine of the best funds amid this aging bull market's recent charge. Some of these will benefit if this rally continues, while others are defensive plays to consider should the bull run out of steam. Each of these has something attractive to offer, such as a significant discount or high income potential. SEE ALSO: The 25 Best Low-Fee Mutual Funds to Buy Now
Closed-end funds (CEFs) joined the rest of the market in steeply selling off late last year. The result, however, was an excessive selloff resulting in greater distribution rates and larger discounts to the assets they hold. The question now is: Which CEFs are ripe for the picking in 2019? "Interesting" is perhaps too nice a word for 2018, but that's still exactly what it was. Corporate America delivered multiyear-best earnings growth for several quarters. Yet we still saw two massive corrections that lifted volatility much closer to its long-term average after several years of relative calm. But what will 2019 hold? The outlook is mixed. While market analysts broadly see GDP growth slowing in 2019, most of those same analysts also see the broader markets heading higher by year's end. Wages are growing, unemployment remains low and there are plenty of other potential drivers for a rally. But if more of the bearish drivers peek through - GDP growth slows even more than expected, tariff tensions linger, etc. - investors will need protection, including high dividends to offset the lack of price gains. With that said, here are the best CEFs to buy for 2019. You can learn more about closed-end funds in detail here, but in short, these are funds that trade on exchange like ETFs, but have some differences; for instance, they can trade at significant discounts or premiums to the assets they hold, and they are actively managed more often than not. These 10 CEFs boast a number of perks, including deep value, high distribution rates and strong track records. ### SEE ALSO: The 19 Best ETFs for a Prosperous 2019
Ignore the doomsayers: 2019 is setting up to be a strong year for equities--and a great year for dividend investors like us, forecasts Michael Foster, closed-end fund expert and editor of the industry-leading CEF Insider.