ORBA Wealth Advisors L.L.C. Sells 1,305 Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

ORBA Wealth Advisors L.L.C. lowered its stake in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 4.2% during the fourth quarter, Holdings Channel reports. The fund owned 29,714 shares of the company’s stock after selling 1,305 shares during the period. ORBA Wealth Advisors L.L.C.’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $541,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QYLD. Kestra Investment Management LLC bought a new stake in shares of Global X Nasdaq 100 Covered Call ETF during the fourth quarter worth $25,000. Crewe Advisors LLC raised its holdings in Global X Nasdaq 100 Covered Call ETF by 601.6% during the 3rd quarter. Crewe Advisors LLC now owns 1,712 shares of the company’s stock worth $31,000 after purchasing an additional 1,468 shares during the last quarter. Copley Financial Group Inc. acquired a new position in Global X Nasdaq 100 Covered Call ETF during the 3rd quarter valued at about $35,000. AdvisorNet Financial Inc boosted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 141.8% in the 4th quarter. AdvisorNet Financial Inc now owns 3,862 shares of the company’s stock valued at $70,000 after purchasing an additional 2,265 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Global X Nasdaq 100 Covered Call ETF during the 3rd quarter worth approximately $70,000.

Global X Nasdaq 100 Covered Call ETF Price Performance

QYLD opened at $18.06 on Wednesday. Global X Nasdaq 100 Covered Call ETF has a fifty-two week low of $15.91 and a fifty-two week high of $18.89. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 33.29 and a beta of 0.64. The firm has a 50 day simple moving average of $18.50 and a 200 day simple moving average of $18.21.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, February 24th.

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.