MGB Wealth Management LLC Lowers Position in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

MGB Wealth Management LLC reduced its position in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 82.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,500 shares of the company’s stock after selling 7,247 shares during the period. MGB Wealth Management LLC’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $27,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in QYLD. Allworth Financial LP lifted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 379.9% during the 4th quarter. Allworth Financial LP now owns 1,646 shares of the company’s stock worth $29,000 after purchasing an additional 1,303 shares during the period. Hexagon Capital Partners LLC lifted its position in shares of Global X Nasdaq 100 Covered Call ETF by 963.5% during the first quarter. Hexagon Capital Partners LLC now owns 2,127 shares of the company’s stock worth $38,000 after purchasing an additional 1,927 shares in the last quarter. MCF Advisors LLC purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF in the first quarter valued at $49,000. Ulland Investment Advisors LLC purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF in the fourth quarter valued at $57,000. Finally, Beacon Capital Management LLC grew its holdings in Global X Nasdaq 100 Covered Call ETF by 220.6% during the 4th quarter. Beacon Capital Management LLC now owns 4,146 shares of the company’s stock valued at $70,000 after purchasing an additional 2,853 shares in the last quarter.

Global X Nasdaq 100 Covered Call ETF Stock Performance

Shares of NASDAQ QYLD traded up $0.02 during midday trading on Friday, reaching $17.94. 1,368,386 shares of the company’s stock were exchanged, compared to its average volume of 3,802,532. Global X Nasdaq 100 Covered Call ETF has a 52-week low of $16.25 and a 52-week high of $18.16. The business’s fifty day moving average price is $17.68 and its two-hundred day moving average price is $17.69. The stock has a market capitalization of $8.31 billion, a PE ratio of 28.58 and a beta of 0.71.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 24th were given a $0.1686 dividend. The ex-dividend date was Monday, June 24th. This represents a $2.02 annualized dividend and a dividend yield of 11.28%. This is an increase from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.16.

About Global X Nasdaq 100 Covered Call ETF

The Global X NASDAQ 100 Covered Call ETF (QYLD) is an exchange-traded fund that is based on the Cboe NASDAQ-100 BuyWrite V2 index. The fund tracks an index that holds Nasdaq 100 stocks and sells call options on those stocks to collect the premiums. QYLD was launched on Dec 12, 2013 and is managed by Global X.