SG Americas Securities LLC Makes New $656,000 Investment in YieldMax Ultra Option Income Strategy ETF $ULTY

SG Americas Securities LLC bought a new stake in YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) in the third quarter, Holdings Channel reports. The institutional investor bought 120,000 shares of the company’s stock, valued at approximately $656,000.

YieldMax Ultra Option Income Strategy ETF Stock Down 0.8%

Shares of ULTY stock opened at $36.88 on Thursday. The stock’s 50-day moving average price is $38.99 and its 200 day moving average price is $50.22. The stock has a market capitalization of $1.17 billion, a PE ratio of 40.09 and a beta of 1.74. YieldMax Ultra Option Income Strategy ETF has a 52-week low of $36.35 and a 52-week high of $88.79.

YieldMax Ultra Option Income Strategy ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, January 22nd. Stockholders of record on Wednesday, January 21st will be paid a dividend of $0.4705 per share. This represents a dividend yield of 7,126.0%. The ex-dividend date is Wednesday, January 21st.

YieldMax Ultra Option Income Strategy ETF Profile

The YieldMax Ultra Option Income Strategy ETF (ULTY) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking to provide monthly income through a portfolio of covered call strategies. The fund generates income via option premiums, dividends from directly held US stocks, and US treasuries ULTY was launched on Feb 28, 2024 and is issued by YieldMax.