from24/7 Wall St.
1 day agoI'm pulling out of ULTY -- Am I making a mistake?
ULTY is an actively managed ETF that generates income from a portfolio of covered call strategies. Many investors turn to broad market ETFs because they can be a way of minimizing risk. ULTY does not fall into that category. As of this writing, in the past month, ULTY shares have declined by almost 12%. Year to date, they're down about 45%.
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