North Star Asset Management Inc. Invests $136,000 in YieldMax Ultra Option Income Strategy ETF $ULTY

North Star Asset Management Inc. purchased a new stake in shares of YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 24,882 shares of the company’s stock, valued at approximately $136,000.

Separately, Nations Financial Group Inc. IA ADV purchased a new position in YieldMax Ultra Option Income Strategy ETF in the 3rd quarter worth $66,000.

YieldMax Ultra Option Income Strategy ETF Stock Performance

YieldMax Ultra Option Income Strategy ETF stock opened at $35.64 on Thursday. The business’s 50-day simple moving average is $36.76 and its two-hundred day simple moving average is $45.55. The company has a market cap of $1.19 billion, a PE ratio of 40.09 and a beta of 1.74. YieldMax Ultra Option Income Strategy ETF has a fifty-two week low of $33.64 and a fifty-two week high of $78.00.

YieldMax Ultra Option Income Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, February 26th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.4705 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a dividend yield of 6,933.0%.

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.