Kurv Yield Premium Strategy Apple (AAPL) ETF
AAPY
Chicago Board Options Exchange- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) is an actively managed exchange-traded fund that seeks current income through a synthetic covered call strategy on Apple Inc. common stock while providing capped exposure to AAPL share price returns. The fund employs a combination of at-the-money call options purchases and put options sales with 1-12 month expirations to replicate AAPL price movements, out-of-the-money covered call writing approximately 5%-15% above the share price to generate option premiums, and collateralization with cash and short-term fixed-income instruments; it may also hold AAPL shares directly, with total long exposure not exceeding 100% of net assets. Launched on October 27, 2023, and listed on Cboe, AAPY delivers monthly distributions derived from option premiums, dividends, and interest income, targeting tax efficiency via capital loss harvesting and return-of-capital designations. AAPY operates as part of Kurv Investment Management LLC's suite of Yield Premium Strategy ETFs, which includes similar single-stock covered call products on issuers such as Google (GOOP), Amazon (AMZP), Microsoft (MSFY), Tesla (TSLP), and Netflix (NFLP); the firm, headquartered in San Francisco, California, at 1 Letterman Drive, Building C, Suite 3-500, also offers diversified strategies like the Kurv Technology Titans Select ETF (KQQQ), Kurv Silver Enhanced Income ETF (KSLV), and Kurv High Income ETF (KYLD). Kurv Investment Management focuses on institutional-grade, tax-efficient income strategies for retail investors, with assets under management across its ETFs supporting monthly payouts and lower beta profiles relative to underlying equities. Recent developments include Kurv's announcement of December 2025 Week 3 distribution estimates for AAPY and peer ETFs GOOP, KSLV, and KYLD, alongside a monthly distribution declaration of $0.25 per share for AAPY; the firm increased annualized distribution rates on single-stock covered call ETFs through special distributions for the remainder of 2024. In September 2025, Kurv launched KSLV, its first silver-enhanced income ETF, expanding beyond equities into precious metals; earlier in 2024, it introduced KQQQ to target technology titans with dynamic covered calls. These initiatives reflect Kurv's ongoing product diversification and commitment to enhanced monthly income amid volatile markets, with no reported acquisitions, funding rounds, or reorganizations specific to the issuer in the past 1-2 years.