Gold has doubled in price in the past two years. Gold dividend ETFs like and have been major beneficiaries. This isn't just a fluke or speculation. Central banks and individuals worldwide are actively piling into gold as they see it as the safest asset to put their money into. Markets are healthy at the moment, and we are amidst an AI rally, so why are investors still choosing gold?
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%.