YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) Stock Price Down 4.5% – Here’s What Happened

YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG)’s stock price fell 4.5% during trading on Monday . The stock traded as low as $15.05 and last traded at $15.25. 1,023,033 shares were traded during trading, an increase of 20% from the average session volume of 854,548 shares. The stock had previously closed at $15.97.

YieldMax Magnificent 7 Fund of Option Income ETF Stock Down 4.5 %

The business has a fifty day moving average of $18.13 and a two-hundred day moving average of $18.89.

YieldMax Magnificent 7 Fund of Option Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were given a dividend of $0.3102 per share. This is an increase from YieldMax Magnificent 7 Fund of Option Income ETF’s previous dividend of $0.23. The ex-dividend date was Thursday, February 27th.

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 stake in shares of 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 reporting period.

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.