Kovack Advisors Inc. Raises Stock Position in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Kovack Advisors Inc. raised its stake in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 8.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,947 shares of the company’s stock after buying an additional 2,109 shares during the period. Kovack Advisors Inc.’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $468,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global X Japan Co. Ltd. boosted its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 80.1% in the second quarter. Global X Japan Co. Ltd. now owns 3,058,359 shares of the company’s stock worth $54,041,000 after buying an additional 1,360,501 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 424.9% during the 1st quarter. Cetera Investment Advisers now owns 1,157,828 shares of the company’s stock worth $20,737,000 after acquiring an additional 937,265 shares during the last quarter. LPL Financial LLC grew its position in shares of Global X Nasdaq 100 Covered Call ETF by 8.8% during the 2nd quarter. LPL Financial LLC now owns 10,127,547 shares of the company’s stock valued at $178,954,000 after acquiring an additional 815,034 shares during the period. Private Advisor Group LLC increased its stake in shares of Global X Nasdaq 100 Covered Call ETF by 274.2% in the 2nd quarter. Private Advisor Group LLC now owns 1,098,332 shares of the company’s stock worth $19,408,000 after purchasing an additional 804,795 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in Global X Nasdaq 100 Covered Call ETF by 1,161.4% in the 2nd quarter. Strategic Financial Concepts LLC now owns 500,615 shares of the company’s stock worth $88,000 after purchasing an additional 460,928 shares during the period.

Global X Nasdaq 100 Covered Call ETF Stock Performance

NASDAQ:QYLD opened at $18.51 on Friday. The stock has a 50-day simple moving average of $18.08 and a two-hundred day simple moving average of $17.77. The firm has a market capitalization of $8.35 billion, a PE 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 $18.56.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, October 28th. Investors of record on Monday, October 21st were paid a dividend of $0.183 per share. The ex-dividend date was Monday, October 21st. This is an increase from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. This represents a $2.20 dividend on an annualized basis and a dividend yield of 11.86%.

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.