Redwood Financial Network Corp Sells 2,350 Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Redwood Financial Network Corp reduced its stake in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 178,526 shares of the company’s stock after selling 2,350 shares during the quarter. Global X Nasdaq 100 Covered Call ETF makes up approximately 2.7% of Redwood Financial Network Corp’s investment portfolio, making the stock its 6th largest position. Redwood Financial Network Corp’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $3,155,000 as of its most recent filing with the Securities & Exchange Commission.

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

Global X Nasdaq 100 Covered Call ETF Stock Performance

Global X Nasdaq 100 Covered Call ETF stock opened at $17.42 on Tuesday. The company’s 50 day simple moving average is $17.57 and its 200-day simple moving average is $17.67. Global X Nasdaq 100 Covered Call ETF has a 1 year low of $15.91 and a 1 year high of $18.04. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 28.58 and a beta of 0.71.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 19th were paid a dividend of $0.179 per share. This represents a $2.15 dividend on an annualized basis and a yield of 12.33%. This is a boost from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 19th.

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.