YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) Trading Up 0.4% – Should You Buy?

YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG)’s share price was up 0.4% during trading on Friday . The stock traded as high as $18.28 and last traded at $18.26. Approximately 699,529 shares were traded during trading, a decline of 25% from the average daily volume of 936,618 shares. The stock had previously closed at $18.19.

YieldMax Magnificent 7 Fund of Option Income ETF Trading Up 0.4 %

The firm’s 50-day moving average price is $19.08 and its 200 day moving average price is $19.12.

YieldMax Magnificent 7 Fund of Option Income ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, February 14th. Investors of record on Thursday, February 13th were given a $0.3102 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This is a positive change from YieldMax Magnificent 7 Fund of Option Income ETF’s previous dividend of $0.23.

Hedge Funds Weigh In On YieldMax Magnificent 7 Fund of Option Income ETF

An institutional investor recently raised its position in YieldMax Magnificent 7 Fund of Option Income ETF stock. Sunbelt Securities Inc. grew its holdings in shares of YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) by 26.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,129 shares of the company’s stock after purchasing an additional 1,059 shares during the period. Sunbelt Securities Inc. owned approximately 0.21% of YieldMax Magnificent 7 Fund of Option Income ETF worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

YieldMax Magnificent 7 Fund of Option Income ETF Company Profile

The YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is a fund-of-funds that invests in seven mega-cap ETFs considered to be driving the market through technology. The underlying ETFs seek to provide current income and capped gains of these stocks through a synthetic covered call strategy.