World Equity Group Inc. Has $393,000 Stock Position in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

World Equity Group Inc. increased its stake in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 33.8% in the first quarter, Holdings Channel reports. The firm owned 23,303 shares of the company’s stock after buying an additional 5,890 shares during the quarter. World Equity Group Inc.’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $393,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 4th quarter worth about $72,550,000. Global X Japan Co. Ltd. boosted its stake in Global X Nasdaq 100 Covered Call ETF by 70.9% during the 1st quarter. Global X Japan Co. Ltd. now owns 9,250,598 shares of the company’s stock worth $153,837,000 after acquiring an additional 3,836,324 shares during the last quarter. LPL Financial LLC grew its holdings in Global X Nasdaq 100 Covered Call ETF by 13.7% during the fourth quarter. LPL Financial LLC now owns 12,248,780 shares of the company’s stock valued at $223,173,000 after purchasing an additional 1,474,869 shares during the period. Sims Investment Management LLC bought a new stake in Global X Nasdaq 100 Covered Call ETF in the fourth quarter valued at approximately $13,764,000. Finally, SBI Securities Co. Ltd. bought a new stake in Global X Nasdaq 100 Covered Call ETF in the fourth quarter valued at approximately $10,444,000.

Global X Nasdaq 100 Covered Call ETF Price Performance

QYLD opened at $16.58 on Friday. The business’s 50-day moving average price is $16.36 and its two-hundred day moving average price is $17.32. Global X Nasdaq 100 Covered Call ETF has a 1 year low of $14.48 and a 1 year high of $18.89. The company has a market capitalization of $8.34 billion, a price-to-earnings ratio of 30.00 and a beta of 0.71.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were given a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a yield of 11.94%. The ex-dividend date was Monday, May 19th.

Global X Nasdaq 100 Covered Call ETF Company 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.