Kingswood Wealth Advisors LLC Purchases New Position in YieldMax MSTR Option Income Strategy ETF $MSTY

Kingswood Wealth Advisors LLC acquired a new stake in YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,598 shares of the company’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jump Financial LLC purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 2nd quarter valued at about $9,424,000. Fiduciary Alliance LLC lifted its stake in YieldMax MSTR Option Income Strategy ETF by 35.4% in the third quarter. Fiduciary Alliance LLC now owns 102,622 shares of the company’s stock valued at $1,433,000 after buying an additional 26,855 shares during the last quarter. Maripau Wealth Management LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the second quarter valued at approximately $1,017,000. Captrust Financial Advisors purchased a new position in shares of YieldMax MSTR Option Income Strategy ETF during the second quarter worth approximately $341,000. Finally, ORG Partners LLC purchased a new position in shares of YieldMax MSTR Option Income Strategy ETF during the second quarter worth approximately $191,000.

YieldMax MSTR Option Income Strategy ETF Trading Up 2.9%

MSTY stock opened at $30.47 on Tuesday. The company has a fifty day moving average price of $35.76 and a 200 day moving average price of $67.03. YieldMax MSTR Option Income Strategy ETF has a 12 month low of $28.83 and a 12 month high of $155.00.

YieldMax MSTR Option Income Strategy ETF Cuts Dividend

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

YieldMax MSTR Option Income Strategy ETF 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.