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

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

YieldMax Magnificent 7 Fund of Option Income ETF Price Performance

The firm’s 50-day moving average is $17.98 and its 200 day moving average is $18.84.

YieldMax Magnificent 7 Fund of Option Income ETF Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, February 27th. This is an increase from YieldMax Magnificent 7 Fund of Option Income ETF’s previous dividend of $0.23.

Institutional Trading of 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 holdings in shares of YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) by 26.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,129 shares of the company’s stock after acquiring 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.

About YieldMax Magnificent 7 Fund of Option Income ETF

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.