Independent Wealth Network Inc. Makes New $1.23 Million Investment in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Independent Wealth Network Inc. purchased a new position in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 67,446 shares of the company’s stock, valued at approximately $1,229,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crewe Advisors LLC lifted its position in Global X Nasdaq 100 Covered Call ETF by 601.6% during the third quarter. Crewe Advisors LLC now owns 1,712 shares of the company’s stock valued at $31,000 after purchasing an additional 1,468 shares in the last quarter. Copley Financial Group Inc. purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF in the third quarter valued at about $35,000. Oliver Lagore Vanvalin Investment Group lifted its position in shares of Global X Nasdaq 100 Covered Call ETF by 46.5% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 2,930 shares of the company’s stock valued at $52,000 after acquiring an additional 930 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF in the second quarter valued at about $67,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF in the third quarter valued at about $70,000.

Global X Nasdaq 100 Covered Call ETF Stock Up 0.5 %

Shares of Global X Nasdaq 100 Covered Call ETF stock opened at $18.55 on Thursday. The stock’s 50-day simple moving average is $18.34 and its 200-day simple moving average is $18.01. Global X Nasdaq 100 Covered Call ETF has a 52 week low of $15.91 and a 52 week high of $18.81. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 28.58 and a beta of 0.71.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 21st will be issued a $0.1877 dividend. The ex-dividend date of this dividend is Tuesday, January 21st.

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.