Capital Wealth Alliance LLC Acquires New Position in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Capital Wealth Alliance LLC bought a new position in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,303 shares of the company’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hexagon Capital Partners LLC grew its stake in shares of Global X Nasdaq 100 Covered Call ETF by 963.5% during the first quarter. Hexagon Capital Partners LLC now owns 2,127 shares of the company’s stock worth $38,000 after purchasing an additional 1,927 shares during the period. Mather Group LLC. acquired a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 2nd quarter worth about $39,000. American National Bank bought a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the 2nd quarter valued at about $41,000. DHJJ Financial Advisors Ltd. raised its position in shares of Global X Nasdaq 100 Covered Call ETF by 3,591.0% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 2,473 shares of the company’s stock valued at $44,000 after acquiring an additional 2,406 shares during the period. Finally, MCF Advisors LLC bought a new position in Global X Nasdaq 100 Covered Call ETF during the 1st quarter worth approximately $49,000.

Global X Nasdaq 100 Covered Call ETF Price Performance

QYLD traded up $0.12 during mid-day trading on Friday, hitting $17.85. The stock had a trading volume of 4,527,174 shares, compared to its average volume of 4,536,808. The stock’s fifty day simple moving average is $17.59 and its 200-day simple moving average is $17.68. The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of 28.58 and a beta of 0.71. Global X Nasdaq 100 Covered Call ETF has a 1-year low of $15.91 and a 1-year high of $18.04.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 26th. Shareholders of record on Monday, August 19th will be issued a dividend of $0.179 per share. The ex-dividend date of this dividend is Monday, August 19th. This is a positive change from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. This represents a $2.15 annualized dividend and a yield of 12.03%.

Global X Nasdaq 100 Covered Call ETF 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.