TSLA - This New ETF Allows Investment In Apple Microsoft And Other 'Magnificent 7' Stocks | Benzinga
In a bid to capitalize on the ongoing tech stock surge, Tidal Financial Group and ZEGA Financial have introduced a new ETF, providing investors with a unique opportunity to invest in the mega-cap technology sector.
What Happened: Business Insider reported that the newly launched YieldMax Magnificent 7 Fund of Option Income ETFs will invest in seven established YieldMax single-stock ETFs. Announced on Tuesday, these funds use covered-call options strategies to generate capital gains and income from leading technology giants, including Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOGL), Meta Platforms Inc. (NASDAQ:FB), Tesla Inc. (NASDAQ:TSLA), Amazon (NASDAQ:AMZN), and Nvidia Corporation (NASDAQ:NVDA).
The fund will be reallocated monthly to ensure an equal weighting of each of the seven YieldMax ETFs within the Fund’s holdings. The move would give accessibility and streamline ownership for shareholders, with indirect exposure to the Magnificent Seven through a single ETF.
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