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Stock impact report

TappAlpha Announces Three-Month Distribution for TappAlpha SPY Growth & Daily Income ETF (TSPY)

TappAlpha SPY Growth & Daily Income ETF (TSPY) 
Company Research Source: Business Wire
SEATTLE--(BUSINESS WIRE)--TappAlpha, a fintech company dedicated to making advanced investing accessible, today announced its three-month distribution milestone for the TappAlpha SPY Growth & Daily Income ETF (NASDAQ: TSPY).This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241205296964/en/(Graphic: Business Wire)Distribution Amount: $0.29391 per shareDistribution Rate (as of 12/5/24): 13.54%30-day SEC Yield (as of 12/5/24): 0.57%Ex-Date - Wednesday, 12/4/2024Payable Date - Thursday, 12/5/2024Since its launch on August 15, 2024, TSPY has consistently provided monthly distributions, reflecting a commitment to delivering income alongside the potential for market-like growth. The fund employs a 0DTE (zero days to expiration) covered call strategy on SPY shares, aiming to generate income without sacrificing growth opportunities.With an expense ratio of 0.68% and $9,378,972 in net assets as of 12/4/2024, TSPY stands out for its Show less Read more
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