United Advisor Group LLC Increases Stock Position in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

United Advisor Group LLC boosted its position in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 22.6% in the third quarter, HoldingsChannel reports. The firm owned 31,903 shares of the company’s stock after buying an additional 5,875 shares during the quarter. United Advisor Group LLC’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Equity Group Inc. bought a new position in shares of Global X Nasdaq 100 Covered Call ETF in the third quarter valued at approximately $228,000. Roman Butler Fullerton & Co. grew its stake in Global X Nasdaq 100 Covered Call ETF by 38.9% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 38,881 shares of the company’s stock valued at $708,000 after purchasing an additional 10,895 shares during the period. Retirement Financial Solutions LLC increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 1.8% during the 3rd quarter. Retirement Financial Solutions LLC now owns 40,518 shares of the company’s stock valued at $731,000 after purchasing an additional 732 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Global X Nasdaq 100 Covered Call ETF by 11.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 28,343 shares of the company’s stock worth $511,000 after purchasing an additional 2,798 shares during the period. Finally, Focus Financial Network Inc. grew its position in Global X Nasdaq 100 Covered Call ETF by 8.3% during the third quarter. Focus Financial Network Inc. now owns 21,468 shares of the company’s stock valued at $387,000 after buying an additional 1,643 shares during the period.

Global X Nasdaq 100 Covered Call ETF Stock Performance

Shares of QYLD stock opened at $18.21 on Wednesday. The firm has a market cap of $8.21 billion, a price-to-earnings ratio of 28.58 and a beta of 0.71. Global X Nasdaq 100 Covered Call ETF has a 52 week low of $15.91 and a 52 week high of $18.35. The firm’s 50-day simple moving average is $17.99 and its two-hundred day simple moving average is $17.73.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, October 21st were issued a dividend of $0.183 per share. This represents a $2.20 annualized dividend and a yield of 12.06%. This is a positive change from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. The ex-dividend date was Monday, October 21st.

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.