Three Magnolias Financial Advisors LLC Sells 39,035 Shares of Global X Nasdaq 100 Covered Call ETF $QYLD

Three Magnolias Financial Advisors LLC cut its position in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 79.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,072 shares of the company’s stock after selling 39,035 shares during the quarter. Three Magnolias Financial Advisors LLC’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $171,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sax Wealth Advisors LLC increased its stake in shares of Global X Nasdaq 100 Covered Call ETF by 10.9% in the third quarter. Sax Wealth Advisors LLC now owns 23,895 shares of the company’s stock valued at $406,000 after buying an additional 2,356 shares during the period. Encompass More Asset Management boosted its position in Global X Nasdaq 100 Covered Call ETF by 6.3% during the 3rd quarter. Encompass More Asset Management now owns 14,973 shares of the company’s stock worth $255,000 after buying an additional 884 shares during the period. Westend Capital Management LLC grew its holdings in Global X Nasdaq 100 Covered Call ETF by 4.9% during the 3rd quarter. Westend Capital Management LLC now owns 33,805 shares of the company’s stock worth $575,000 after acquiring an additional 1,568 shares during the last quarter. KW Wealth Management LLC acquired a new position in Global X Nasdaq 100 Covered Call ETF in the 3rd quarter valued at approximately $295,000. Finally, Mayflower Financial Advisors LLC acquired a new position in Global X Nasdaq 100 Covered Call ETF in the 3rd quarter valued at approximately $1,168,000.

Global X Nasdaq 100 Covered Call ETF Stock Performance

Shares of NASDAQ:QYLD opened at $17.67 on Friday. The firm has a market cap of $8.23 billion, a PE ratio of 32.28 and a beta of 0.65. The firm’s fifty day moving average is $17.50 and its 200-day moving average is $17.07. Global X Nasdaq 100 Covered Call ETF has a 52 week low of $14.48 and a 52 week high of $18.89.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 22nd were given a dividend of $0.1779 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a c) annualized dividend and a yield of 12.1%. This is an increase from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.17.

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.