Independent Financial Group LLC Invests $3.12 Million in Global X Nasdaq 100 Covered Call ETF $QYLD

Independent Financial Group LLC purchased a new stake in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 181,840 shares of the company’s stock, valued at approximately $3,119,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QYLD. Advisory Services Network LLC grew its stake in shares of Global X Nasdaq 100 Covered Call ETF by 1.6% in the 4th quarter. Advisory Services Network LLC now owns 36,771 shares of the company’s stock valued at $650,000 after buying an additional 577 shares during the period. Great Valley Advisor Group Inc. increased 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 valued at $590,000 after purchasing an additional 604 shares during the last quarter. First Heartland Consultants Inc. raised its position in Global X Nasdaq 100 Covered Call ETF by 3.0% in the fourth quarter. First Heartland Consultants Inc. now owns 21,416 shares of the company’s stock valued at $378,000 after purchasing an additional 629 shares during the period. Moors & Cabot Inc. lifted its stake in Global X Nasdaq 100 Covered Call ETF by 2.1% during the fourth quarter. Moors & Cabot Inc. now owns 30,656 shares of the company’s stock worth $542,000 after purchasing an additional 638 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its stake in 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 worth $396,000 after purchasing an additional 645 shares in the last quarter.

Global X Nasdaq 100 Covered Call ETF Stock Down 1.2%

QYLD opened at $17.81 on Friday. Global X Nasdaq 100 Covered Call ETF has a 52 week low of $16.35 and a 52 week high of $18.54. The business has a fifty day simple moving average of $18.08 and a 200-day simple moving average of $17.79. The firm has a market cap of $8.05 billion, a P/E ratio of 32.28 and a beta of 0.61.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 22nd were paid a dividend of $0.1854 per share. This represents a c) annualized dividend and a yield of 12.5%. The ex-dividend date of this dividend was Monday, June 22nd. This is a positive change from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18.

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.