Hennion & Walsh Asset Management Inc. Boosts Stock Position in Global X Nasdaq 100 Covered Call ETF $QYLD

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 13.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 249,129 shares of the company’s stock after buying an additional 30,244 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $4,591,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in QYLD. Kingswood Wealth Advisors LLC lifted its holdings in Global X Nasdaq 100 Covered Call ETF by 81.9% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 120,388 shares of the company’s stock valued at $2,127,000 after purchasing an additional 54,205 shares in the last quarter. PFG Investments LLC increased its stake in shares of Global X Nasdaq 100 Covered Call ETF by 18.0% during the fourth quarter. PFG Investments LLC now owns 307,387 shares of the company’s stock worth $5,432,000 after purchasing an additional 46,944 shares in the last quarter. Benchmark Financial LLC acquired a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 4th quarter worth about $884,000. LPL Financial LLC lifted its stake in Global X Nasdaq 100 Covered Call ETF by 2.8% in the 4th quarter. LPL Financial LLC now owns 11,586,603 shares of the company’s stock valued at $204,735,000 after buying an additional 312,055 shares in the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in Global X Nasdaq 100 Covered Call ETF in the 1st quarter worth about $518,000.

Global X Nasdaq 100 Covered Call ETF Stock Performance

NASDAQ:QYLD opened at $18.14 on Monday. Global X Nasdaq 100 Covered Call ETF has a 12 month low of $16.35 and a 12 month high of $18.54. The stock has a 50 day moving average of $18.02 and a two-hundred day moving average of $17.79. The firm has a market cap of $8.26 billion, a P/E ratio of 32.28 and a beta of 0.62.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Monday, July 20th were paid a $0.1775 dividend. This represents a c) annualized dividend and a dividend yield of 11.7%. The ex-dividend date of this dividend was Monday, July 20th.

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.