Portfolio Update – 2 Reductions, 1 Buy

January 19, 20250 Comments

QQQI: Reduced Allocation from 5.56% to 5.06%

Trimmed my position in QQQI taking some profits on Wednesday’s rally. This brings my top position down closer to my 5% maximum weight per position rule. I’m planning to reinvest some of the proceeds into JBBB CLO ETF (7.64% yield) for diversification and lower risk.

MCI: Reduced Allocation from 2.12% to 1.59%

Took some profits as MCI reached all-time highs and current yield is down to 7.61%. I’m planning to reinvest the proceeds in a higher yielding investment and, or buy MCI back when price levels revert down to bottom of trading channel around $19.50 and a higher yield of 8.21%.

IYRI: Bought (0.51% Allocation)

Opened a small position in the new ‘NEOS Real Estate High Yield Income ETF’. Normally I like to wait to see how a new ETF performs, but in this case I already own several of the NEOS covered call ETF’s (SPYI, QQQI, IWMI, BTCI and HYBI). I’m a big fan of their management team and the structure and strategy of their ETF’s. This purchase helps me diversify across the REIT sector. We will get a good idea of this funds yield when they announce the first distribution on Jan 22. Based on the covered calls currently written against their IYR holdings it’s looking like the annual yield will be in the 9% to 11% range.

Filed in: Dividend Geek Portfolio

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