TappAlpha Announces First Monthly Distribution for TappAlpha SPY Growth & Daily Income ETF (TSPY)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 04 2024
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Source: Newsfilter
TappAlpha ETF Announcement: TappAlpha has announced its first monthly income distribution of $0.29488 per share for the TappAlpha SPY Growth & Daily Income ETF (TSPY), which aims to provide market-like growth and daily income through a covered call strategy on SPY shares.
Company Overview: Founded in 2023, TappAlpha is a Seattle-based fintech company focused on making advanced financial tools accessible, with a commitment to transparency and customer-first initiatives in investing.
Analyst Views on TSPY
Wall Street analysts forecast TSPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 25.490
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Current: 25.490
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
