Roundhill Magnificent Seven Covered Call ETF
Chicago Board Options ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 154 West 14th Street, 2nd Floor New York NY United States of America 10011
- IPO Date
- Apr 23, 2025
- Website
- roundhillinvestments.com
- Similar Companies
- Business
- Roundhill Magnificent Seven Covered Call ETF (MAGY) is an actively managed exchange-traded fund that seeks to provide current income on a weekly basis through a covered call strategy on the Magnificent Seven stocks, which include Alphabet Inc., Amazon.com Inc., Apple Inc., Meta Platforms Inc., Microsoft Corp., Nvidia Corp., and Tesla Inc.; the fund implements this strategy by purchasing shares of the Roundhill Magnificent Seven ETF (MAGS) and selling out-of-the-money call options referenced to MAGS, using both standardized exchange-traded options and FLEX options; it offers investors exposure to these leading technology companies, which collectively represent approximately 29% of the S&P 500, while aiming to reduce volatility and capture option premiums. Launched on April 23, 2025, and listed on Cboe BZX, MAGY expands Roundhill Investments' lineup of Magnificent Seven-themed ETFs, complementing the growth-oriented MAGS and the leveraged daily 2x MAGX; the ETF operates within the derivative income category, with a fund-of-funds approach domiciled in the United States under Roundhill ETF Trust. Roundhill Investments, founded in 2018 and headquartered at 154 West 14th Street, 2nd Floor, New York, New York, serves as the SEC-registered investment adviser, with co-management by Exchange Traded Concepts, LLC; the firm targets income-oriented investors seeking participation in large-cap growth technology stocks via options overlays. Recent developments include the April 2025 launch of MAGY amid market headwinds for the Magnificent Seven, positioning it as a new income vehicle in Roundhill's portfolio with over $1.7 billion in assets under management across related funds as of launch; additionally, in early 2025, related Roundhill ETFs such as MAGS and MAGX transferred listings from Nasdaq to Cboe BZX, enhancing trading efficiency.
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