ULTY: Major Changes To The ETF Powerhouse
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Gary Bourgeault13.59K FollowersFollow5ShareSavePlay(10min)CommentsSummaryThe YieldMax Ultra Option Income Strategy ETF remains a compelling high-yield income vehicle, despite NAV and share price volatility.ULTY is updating its portfolio by adding lower-volatility, large-cap stocks and diversifying across sectors to stabilize NAV and reduce downside risk.Management will implement new hedging and leveraged options strategies to better capture upside and mitigate losses, aiming for improved total returns.For income-focused investors with patience and risk tolerance, ULTY’s robust distributions and strategic changes offer attractive long-term income potential. Thawatchai Chawong/iStock via Getty Images The YieldMax Ultra Option Income Strategy ETF (ULTY) has been among the most popular high-yield income ETFs since they were introduced. Assets under management come in at $1.3 billion, with a distribution yield of $129.22%. It has paid out enormousThis article was written byGary Bourgeault13.59K FollowersFollowI am a former investment advisor and owner of several businesses. These days I invest only for myself while continuing to write on a variety of financial and economic topics.Analyst’s Disclosure:I/we have a beneficial long position in the shares of ULTY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.