Turner Financial Group Inc. Acquires New Stake in Global X Nasdaq 100 Covered Call ETF $QYLD

Turner Financial Group Inc. purchased a new stake in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 40,498 shares of the company’s stock, valued at approximately $746,000. Global X Nasdaq 100 Covered Call ETF comprises approximately 0.7% of Turner Financial Group Inc.’s portfolio, making the stock its 28th largest holding.

A number of other hedge funds also recently bought and sold shares of QYLD. City Center Advisors LLC increased its stake in Global X Nasdaq 100 Covered Call ETF by 1.7% during the 2nd quarter. City Center Advisors LLC now owns 32,146 shares of the company’s stock valued at $592,000 after purchasing an additional 552 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 1.6% during the fourth quarter. Advisory Services Network LLC now owns 36,771 shares of the company’s stock valued at $650,000 after acquiring an additional 577 shares in the last quarter. Great Valley Advisor Group Inc. raised its holdings in Global X Nasdaq 100 Covered Call ETF by 1.8% in the 4th quarter. Great Valley Advisor Group Inc. now owns 33,413 shares of the company’s stock worth $590,000 after acquiring an additional 604 shares during the last quarter. Moors & Cabot Inc. lifted its position in Global X Nasdaq 100 Covered Call ETF by 2.1% in the 4th quarter. Moors & Cabot Inc. now owns 30,656 shares of the company’s stock valued at $542,000 after acquiring an additional 638 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its position in shares of Global X Nasdaq 100 Covered Call ETF by 3.0% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 22,416 shares of the company’s stock valued at $396,000 after buying an additional 645 shares during the last quarter.

Global X Nasdaq 100 Covered Call ETF Stock Up 0.2%

Shares of QYLD stock opened at $18.36 on Friday. Global X Nasdaq 100 Covered Call ETF has a 52 week low of $16.63 and a 52 week high of $18.54. The firm has a market capitalization of $8.36 billion, a PE ratio of 32.28 and a beta of 0.62. The company has a 50 day moving average price of $18.08 and a 200-day moving average price of $17.86.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 24th were issued a $0.1829 dividend. The ex-dividend date of this dividend was Monday, August 24th. This is an increase from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. This represents a c) annualized dividend and a dividend yield of 12.0%.

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.