Southland Equity Partners LLC Makes New $193,000 Investment in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Southland Equity Partners LLC purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) in the first quarter, HoldingsChannel reports. The fund purchased 10,789 shares of the company’s stock, valued at approximately $193,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP raised 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 valued at $29,000 after buying an additional 1,303 shares during the last quarter. Hollencrest Capital Management raised its stake in shares of Global X Nasdaq 100 Covered Call ETF by 28.8% during the 3rd quarter. Hollencrest Capital Management now owns 2,890 shares of the company’s stock valued at $48,000 after buying an additional 646 shares during the last quarter. Ulland Investment Advisors LLC purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 4th quarter valued at about $57,000. Financial Gravity Asset Management Inc. raised its stake in shares of Global X Nasdaq 100 Covered Call ETF by 1,800.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 3,971 shares of the company’s stock valued at $67,000 after buying an additional 3,762 shares during the last quarter. Finally, Beacon Capital Management LLC raised its stake in shares of 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 buying an additional 2,853 shares during the last quarter.

Global X Nasdaq 100 Covered Call ETF Stock Performance

NASDAQ QYLD opened at $17.53 on Tuesday. The stock has a 50-day simple moving average of $17.60 and a two-hundred day simple moving average of $17.65. The firm has a market capitalization of $8.00 billion, a P/E ratio of 28.58 and a beta of 0.71. Global X Nasdaq 100 Covered Call ETF has a fifty-two week low of $16.25 and a fifty-two week high of $18.16.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 24th will be paid a dividend of $0.1686 per share. The ex-dividend date is Monday, June 24th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 11.54%. This is a positive change from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.16.

Global X Nasdaq 100 Covered Call ETF Profile

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.