Envestnet Asset Management Inc. Boosts Stock Position in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Envestnet Asset Management Inc. lifted its position in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 15.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 842,566 shares of the company’s stock after buying an additional 113,795 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $14,888,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MCF Advisors LLC purchased a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the 1st quarter valued at $49,000. Fisher Asset Management LLC purchased a new stake in Global X Nasdaq 100 Covered Call ETF during the 4th quarter worth about $217,000. US Bancorp DE purchased a new stake in Global X Nasdaq 100 Covered Call ETF during the 1st quarter worth about $573,000. Oppenheimer & Co. Inc. increased its holdings in Global X Nasdaq 100 Covered Call ETF by 5.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 51,561 shares of the company’s stock worth $923,000 after purchasing an additional 2,861 shares during the period. Finally, Fifth Third Securities Inc. increased its holdings in Global X Nasdaq 100 Covered Call ETF by 53.9% during the 1st quarter. Fifth Third Securities Inc. now owns 176,566 shares of the company’s stock worth $3,162,000 after purchasing an additional 61,805 shares during the period.

Global X Nasdaq 100 Covered Call ETF Price Performance

Shares of NASDAQ QYLD opened at $17.97 on Wednesday. The stock’s 50-day moving average is $17.58 and its two-hundred day moving average is $17.68. Global X Nasdaq 100 Covered Call ETF has a 1-year low of $15.91 and a 1-year high of $18.17. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 28.58 and a beta of 0.71.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.181 per share. This is an increase from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.17 annualized dividend and a yield of 12.09%.

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.