YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) Shares Up 1.5% – Here’s Why

YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) shot up 1.5% during mid-day trading on Tuesday . The stock traded as high as $15.26 and last traded at $15.16. 270,564 shares traded hands during trading, a decline of 40% from the average session volume of 451,902 shares. The stock had previously closed at $14.93.

YieldMax Magnificent 7 Fund of Option Income ETF Stock Performance

The company has a 50-day simple moving average of $17.00 and a 200-day simple moving average of $18.50.

YieldMax Magnificent 7 Fund of Option Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Thursday, March 27th were issued a dividend of $0.3102 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from YieldMax Magnificent 7 Fund of Option Income ETF’s previous dividend of $0.23.

Institutional Investors Weigh In On YieldMax Magnificent 7 Fund of Option Income ETF

A hedge fund recently raised its stake in YieldMax Magnificent 7 Fund of Option Income ETF stock. Sunbelt Securities Inc. lifted its stake in YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) by 26.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing.

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.