Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Shares Sold by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners reduced its stake in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 6.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 21,931 shares of the company’s stock after selling 1,634 shares during the period. Tennessee Valley Asset Management Partners’ holdings in Global X Nasdaq 100 Covered Call ETF were worth $388,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Prospect Financial Services LLC increased its position in Global X Nasdaq 100 Covered Call ETF by 3.5% during the second quarter. Prospect Financial Services LLC now owns 18,581 shares of the company’s stock worth $328,000 after purchasing an additional 623 shares during the last quarter. StoneX Group Inc. grew its stake in shares of Global X Nasdaq 100 Covered Call ETF by 4.1% during the 1st quarter. StoneX Group Inc. now owns 21,204 shares of the company’s stock valued at $380,000 after buying an additional 835 shares during the period. Foundations Investment Advisors LLC increased its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 2.9% during the 2nd quarter. Foundations Investment Advisors LLC now owns 33,956 shares of the company’s stock worth $600,000 after buying an additional 965 shares during the last quarter. Joseph P. Lucia & Associates LLC raised its position in shares of Global X Nasdaq 100 Covered Call ETF by 0.8% in the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 129,701 shares of the company’s stock worth $2,292,000 after buying an additional 978 shares during the period. Finally, Clear Creek Financial Management LLC boosted its holdings in Global X Nasdaq 100 Covered Call ETF by 1.5% in the second quarter. Clear Creek Financial Management LLC now owns 79,359 shares of the company’s stock valued at $1,402,000 after acquiring an additional 1,140 shares during the last quarter.

Global X Nasdaq 100 Covered Call ETF Trading Up 0.4 %

QYLD stock opened at $18.01 on Friday. The company has a market cap of $8.43 billion, a PE ratio of 28.58 and a beta of 0.71. The stock has a 50-day moving average price of $17.57 and a two-hundred day moving average price of $17.67. Global X Nasdaq 100 Covered Call ETF has a 12-month low of $15.91 and a 12-month high of $18.04.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 19th were issued a dividend of $0.179 per share. The ex-dividend date was Monday, August 19th. This represents a $2.15 dividend on an annualized basis and a dividend yield of 11.93%. This is a boost from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18.

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.