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) rose 0.4% during mid-day trading on Friday . The company traded as high as $18.28 and last traded at $18.26. Approximately 699,529 shares changed hands during mid-day 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 Price Performance

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

YieldMax Magnificent 7 Fund of Option Income ETF Increases Dividend

The company also recently declared 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.

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 position 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 disclosure 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 quarter. 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.