Fairman Group LLC Lowers Stock Holdings in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Fairman Group LLC reduced its stake in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 32.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,967 shares of the company’s stock after selling 8,733 shares during the quarter. Fairman Group LLC’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $324,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of QYLD. Hexagon Capital Partners LLC boosted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 963.5% in the first quarter. Hexagon Capital Partners LLC now owns 2,127 shares of the company’s stock valued at $38,000 after buying an additional 1,927 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the second quarter valued at approximately $39,000. American National Bank acquired a new position in Global X Nasdaq 100 Covered Call ETF during the second quarter worth $41,000. DHJJ Financial Advisors Ltd. raised its holdings in Global X Nasdaq 100 Covered Call ETF by 3,591.0% during the second quarter. DHJJ Financial Advisors Ltd. now owns 2,473 shares of the company’s stock worth $44,000 after purchasing an additional 2,406 shares during the last quarter. Finally, MCF Advisors LLC acquired a new position in Global X Nasdaq 100 Covered Call ETF during the first quarter worth $49,000.

Global X Nasdaq 100 Covered Call ETF Stock Performance

QYLD stock traded up $0.07 during midday trading on Thursday, hitting $18.09. 118,386 shares of the stock were exchanged, compared to its average volume of 4,372,000. The stock’s 50-day moving average price is $17.93 and its 200-day moving average price is $17.71. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 28.58 and a beta of 0.71. Global X Nasdaq 100 Covered Call ETF has a fifty-two week low of $15.91 and a fifty-two week high of $18.35.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, October 21st will be issued a dividend of $0.183 per share. The ex-dividend date is Monday, October 21st. This is a boost from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. This represents a $2.20 annualized dividend and a yield of 12.14%.

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.