Sound Income Strategies LLC Boosts Position in Global X Nasdaq 100 Covered Call ETF $QYLD

Sound Income Strategies LLC boosted its position in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,213,998 shares of the company’s stock after acquiring an additional 35,924 shares during the period. Global X Nasdaq 100 Covered Call ETF accounts for about 1.1% of Sound Income Strategies LLC’s holdings, making the stock its 21st biggest position. Sound Income Strategies LLC owned 0.25% of Global X Nasdaq 100 Covered Call ETF worth $20,820,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. AdvisorNet Financial Inc increased its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 53.9% in the third quarter. AdvisorNet Financial Inc now owns 10,675 shares of the company’s stock worth $182,000 after purchasing an additional 3,740 shares during the period. Meadowbrook Wealth Management LLC bought a new position in Global X Nasdaq 100 Covered Call ETF in the 3rd quarter worth about $287,000. Ignite Planners LLC purchased a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the 3rd quarter valued at about $236,000. HF Advisory Group LLC boosted its position in shares of Global X Nasdaq 100 Covered Call ETF by 3.1% during the 3rd quarter. HF Advisory Group LLC now owns 62,832 shares of the company’s stock valued at $1,069,000 after acquiring an additional 1,883 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Global X Nasdaq 100 Covered Call ETF during the 2nd quarter valued at about $330,000.

Global X Nasdaq 100 Covered Call ETF Price Performance

Shares of QYLD opened at $17.76 on Friday. The firm’s 50 day simple moving average is $17.41 and its 200 day simple moving average is $17.00. The company has a market capitalization of $8.27 billion, a P/E ratio of 32.28 and a beta of 0.65. Global X Nasdaq 100 Covered Call ETF has a 1-year low of $14.48 and a 1-year high of $18.89.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 24th were given a dividend of $0.1728 per share. The ex-dividend date was Monday, November 24th. This represents a c) dividend on an annualized basis and a yield of 11.7%.

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.