If you have been following the tech market lately, you have probably noticed that the Magnificent 7, the top companies in the U.S. technology sector, are commanding attention like never before. But what if you could stay invested in these companies and also collect extra income along the way? That is exactly what Vanguard’s Global X Nasdaq 100 Covered Call ETF (NASDAQ:GPIX) aims to do. By blending stock ownership with a covered call strategy, GPIX gives income-seeking investors a new way to play tech growth without riding the full rollercoaster of volatility.
A Different Take on Tech Investing
Most ETFs are straightforward. You buy shares of companies, and your returns come from price appreciation and dividends. GPIX, however, adds a twist. It holds a concentrated portfolio of the Magnificent 7, including Apple Inc. (NASDAQ:AAPL), Microsoft Corp. (NASDAQ:MSFT), Amazon.com Inc….
