Kingswood Wealth Advisors LLC Takes $288,000 Position in YieldMax MSTR Option Income Strategy ETF $MSTY

Kingswood Wealth Advisors LLC purchased a new position in shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 20,598 shares of the company’s stock, valued at approximately $288,000.

Several other hedge funds have also recently modified their holdings of MSTY. Sound Income Strategies LLC acquired a new position in YieldMax MSTR Option Income Strategy ETF in the 2nd quarter valued at $33,000. AdvisorNet Financial Inc boosted its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 29.8% in the third quarter. AdvisorNet Financial Inc now owns 4,898 shares of the company’s stock valued at $68,000 after acquiring an additional 1,124 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of YieldMax MSTR Option Income Strategy ETF by 49.9% during the third quarter. CoreCap Advisors LLC now owns 7,251 shares of the company’s stock worth $101,000 after acquiring an additional 2,413 shares during the period. FNY Investment Advisers LLC raised its holdings in YieldMax MSTR Option Income Strategy ETF by 355.6% during the second quarter. FNY Investment Advisers LLC now owns 8,200 shares of the company’s stock worth $181,000 after purchasing an additional 6,400 shares in the last quarter. Finally, ORG Partners LLC acquired a new stake in YieldMax MSTR Option Income Strategy ETF in the second quarter valued at about $191,000.

YieldMax MSTR Option Income Strategy ETF Stock Up 2.9%

Shares of MSTY opened at $30.47 on Tuesday. The stock’s 50 day moving average is $35.76 and its two-hundred day moving average is $67.03. YieldMax MSTR Option Income Strategy ETF has a twelve month low of $28.83 and a twelve month high of $155.00.

YieldMax MSTR Option Income Strategy ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 9th. Investors of record on Thursday, January 8th were issued a dividend of $0.3741 per share. This represents a yield of 6,239.0%. The ex-dividend date of this dividend was Thursday, January 8th.

YieldMax MSTR Option Income Strategy ETF Company Profile

The YieldMax MSTR Option Income Strategy ETF (MSTY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the MicroStrategy stock (MSTR) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. MSTY was launched on Feb 22, 2024 and is issued by YieldMax.