A couple of my holdings have a monthly payout. In mid-September 2024, one of them appeared to pay a lower dividend. But wait, … they changed something. The payout frequency.
Ready for this ETF name?
YieldMax Magnificent 7 Fund of Option Income ETFs, or ticker YMAG
Magnificent 7 stocks are, of course, Alphabet (GOOG), Microsoft (MSFT), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Meta Platforms (META) & Nvidia (NVDA).
Two payouts in 7 days is hardly an indicator of a long term trend. But, YMAG apparently want to give the idea a try.
I was not aware that YMAX has made a similar switch.
Mapping the seven component ETFs
Group A - Google, Tesla
Group B - Nvidia, Facebook/Meta
Group C - Microsoft
Group D - Amazon, Apple
Obviously, the YMAG payout is going to be dependent on % of the individual company ETFs. But, will this impact the week 3 payout more?