YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) Trading Up 0.4% – Here’s Why

YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) shares were up 0.4% during mid-day 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 has a 50-day moving average of $19.12 and a 200-day moving average of $19.13.

YieldMax Magnificent 7 Fund of Option Income ETF Increases Dividend

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

Institutional Investors 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. raised its holdings in YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) by 26.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,129 shares of the company’s stock after buying an additional 1,059 shares during the quarter. Sunbelt Securities Inc. owned about 0.21% of YieldMax Magnificent 7 Fund of Option Income ETF worth $100,000 at the end of the most recent quarter.

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.