Newbridge Financial Services Group Inc. Sells 52,162 Shares of Global X Nasdaq 100 Covered Call ETF $QYLD

Newbridge Financial Services Group Inc. reduced its stake in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 13.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 327,275 shares of the company’s stock after selling 52,162 shares during the quarter. Global X Nasdaq 100 Covered Call ETF comprises 0.8% of Newbridge Financial Services Group Inc.’s holdings, making the stock its 28th largest position. Newbridge Financial Services Group Inc.’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $5,567,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QYLD. Physician Wealth Advisors Inc. bought a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the 3rd quarter worth about $35,000. Bayforest Capital Ltd increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 192.1% during the 3rd quarter. Bayforest Capital Ltd now owns 2,512 shares of the company’s stock worth $43,000 after purchasing an additional 1,652 shares in the last quarter. Cape Investment Advisory Inc. lifted its holdings in Global X Nasdaq 100 Covered Call ETF by 41.7% during the 2nd quarter. Cape Investment Advisory Inc. now owns 3,064 shares of the company’s stock valued at $51,000 after purchasing an additional 901 shares during the last quarter. MGB Wealth Management LLC lifted its holdings in Global X Nasdaq 100 Covered Call ETF by 103.0% during the 2nd quarter. MGB Wealth Management LLC now owns 3,045 shares of the company’s stock valued at $51,000 after purchasing an additional 1,545 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Global X Nasdaq 100 Covered Call ETF in the second quarter valued at about $59,000.

Global X Nasdaq 100 Covered Call ETF Stock Down 0.3%

NASDAQ:QYLD opened at $17.45 on Friday. The firm has a market cap of $8.16 billion, a PE ratio of 32.28 and a beta of 0.65. Global X Nasdaq 100 Covered Call ETF has a 12 month low of $14.48 and a 12 month high of $18.00. The company’s 50-day moving average price is $17.69 and its two-hundred day moving average price is $17.41.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Monday, February 23rd were issued a $0.1771 dividend. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date of this dividend was Monday, February 23rd.

About Global X Nasdaq 100 Covered Call ETF

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.