TappAlpha Announces Second Monthly Distribution for TappAlpha SPY Growth & Daily Income ETF (TSPY)
Monthly Income Distribution Announcement: TappAlpha has announced a monthly income distribution of $0.27655 per share for its SPY Growth & Daily Income ETF (TSPY), with a distribution rate of 12.93% and a payable date of November 7, 2024.
Company Overview: Founded in 2023, TappAlpha aims to make investing accessible through innovative financial tools and education, focusing on portfolio diversification and risk management strategies.
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TDAQ ETF Launch Success: TappAlpha's actively managed income ETF, TDAQ, has exceeded $25 million in assets under management within two months of its launch, achieving a total return of 10.57%, outperforming the Nasdaq-100 benchmark.
Investment Strategy: TDAQ combines QQQ holdings with a daily covered call strategy, allowing investors to benefit from growth in technology companies while generating consistent income.
Market Demand: The rapid accumulation of assets in TDAQ indicates a strong market appetite for innovative income strategies, reflecting a growing interest in investment options that balance growth potential with tax-efficient income.
Company Mission: TappAlpha aims to democratize advanced investment strategies for everyday investors, emphasizing simplicity and transparency in their offerings, including TDAQ and TSPY.
TappAlpha ETF Milestone: TappAlpha's flagship fund, the TappAlpha SPY Growth & Daily Income ETF (TSPY), has surpassed $100 million in assets under management since its launch in August 2024, attracting both advisors and retail investors with its unique income generation strategy.
Investment Strategy and Future Plans: TSPY combines S&P 500 exposure with an actively managed daily covered call overlay to provide consistent income while allowing for market growth, and is part of TappAlpha's broader mission to simplify advanced investing strategies, with plans for additional funds like TDAQ targeting the NASDAQ 100.
Launch of TDAQ: TappAlpha has introduced the TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) to provide investors with a daily income strategy similar to its successful TappAlpha SPY Growth & Daily Income ETF (TSPY), which has surpassed $69 million in assets under management.
Investment Strategy: TDAQ combines QQQ holdings with a daily covered call strategy, allowing investors to benefit from the growth of technology companies in the NASDAQ-100 while generating consistent income, reflecting TappAlpha's commitment to making advanced investment strategies accessible to a broader audience.

TappAlpha SPY Growth & Daily Income ETF (TSPY): TSPY aims to balance capital protection, income, and growth by providing dollar-for-dollar exposure to the S&P 500 while utilizing a daily options strategy for tax-efficient income, making it suitable for investors seeking stability in volatile markets.
Active Management and Risk Tools: The fund employs tactical tools like credit spreads and protective puts to manage risks without sacrificing market participation, appealing to long-term investors who prefer consistent returns over high volatility.

TappAlpha SPY Growth & Daily Income ETF Performance: TappAlpha celebrates the six-month milestone of its ETF (TSPY), which has achieved a total return of 11.17% since its launch, outperforming the S&P 500, and aims to provide consistent monthly distributions while reducing market volatility.
Investment Strategy and Risks: The fund employs a zero days to expiration (0DTE) covered call strategy on SPY shares for income generation, but it carries risks such as potential principal loss, high portfolio turnover, and sensitivity to market fluctuations.

TappAlpha ETF Milestone: TappAlpha announced a distribution of $0.29391 per share for its TappAlpha SPY Growth & Daily Income ETF (TSPY), reflecting a 13.54% distribution rate and a commitment to providing monthly income since its launch on August 15, 2024.
Investment Strategy and Risks: The fund employs a 0DTE covered call strategy to generate income while managing risks associated with market volatility and potential declines in the index, highlighting the importance of timing and liquidity in trading options.





