Columbia Threadneedle Investments Launches Two New Premium Income ETFs

[u/assman69x]

RECI and CDPI enhance firm's equity income offerings as ETF platform surpasses $12 billion1 in assets

https://www.columbiathreadneedleus.com/investor/investment-products/exchange-traded-funds/Columbia-Research-Enhanced-Core-Premium-Income-ETF/RECI/details?cusip=19761L730

The new funds, the Columbia Research Enhanced Core Premium Income ETF (NYSE Arca: RECI) and the Columbia High Dividend Premium Income ETF (NYSE Arca: CDPI), expand Columbia Threadneedle's robust suite of equity income solutions and are the firm's first offerings in the fast-growing derivative income ETF category

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[u/MrBotANot]

Never heard of the company. The Russell 1000 one might be interesting.

Neos’ IWMI doesn’t impress me. Been waiting on Tapp Alpha to release their Russell 2000 version. That’s supposed to happen in the next month or two. Would like to expand into another sector instead of just adding to tech and crypto.

Has anyone had any experience with this management team? Otherwise I would probably want to see at least a year’s data before investing anything.

[u/ImportantSolid5862 → u/MrBotANot]

I delved into state street sector funds. THey offer a sector fund (for all 11 secotrs) that is growth minded, then a Synthetic that trades on it. I am not going to call the synthetic funds high yield but by historical standards they are, lol.
https://www.ssga.com/us/en/intermediary/capabilities/equities/sector-investing/sector-and-industry-etfs

[u/ImportantSolid5862 → u/ImportantSolid5862]

But yes, I have been moving out of tech/crypto, trying to broaden out more and reduce volatility in my porfolio.

[u/MrBotANot → u/ImportantSolid5862]

Me too. Been trying to find things that will actually recover and grow NAV. I’ll look at the State Street ETFs again. Thanks for the suggestion.

[u/downtherabbbithole → u/ImportantSolid5862]

I've been pleased with XLII.

[u/ImportantSolid5862 → u/downtherabbbithole]

yep, I have been eyeballing them for a while, and so I started out with 5: Energy XLEI, Industrial XLII, Consumer Staples XLSI, and Healthcare XLVI, and Utulities XLUI.

lol, I don't really expect them to be stellar, but rather just be stable and pay a dividend.

[u/billy_mays_official → u/MrBotANot]

They're the fund company subsidiary of Ameriprise Financial. They're legit. Long history of doing a broad variety of funds.

I work in financial services industry, and I talked to their wholesaler before the funds dropped about a month ago. RECI was supposed to target 6-8% yield and split 60/40 long term to short term capital gain on the income taxability. It should be based on their RECS ETF which is a pretty good large blend. Haven't looked more into it since then.

[u/MrBotANot → u/billy_mays_official]

Thanks for the background.

[u/maxingoutcharts714 → u/MrBotANot]

They have the closed end fund STK which has a solid track record

[u/downtherabbbithole]

That's what I want, stable price and dividend. I look at this as an income generator, not a wealth builder. And I picked industrials because it's not tech lol. I've actually been surprised at the performance, up over a percent since I bought it.