Bay Capital Advisors LLC Invests $746,000 in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Bay Capital Advisors LLC purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 40,937 shares of the company’s stock, valued at approximately $746,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of Global X Nasdaq 100 Covered Call ETF by 13.7% during the fourth quarter. LPL Financial LLC now owns 12,248,780 shares of the company’s stock worth $223,173,000 after purchasing an additional 1,474,869 shares during the period. Global X Japan Co. Ltd. increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 22.8% during the fourth quarter. Global X Japan Co. Ltd. now owns 5,414,274 shares of the company’s stock worth $98,648,000 after acquiring an additional 1,005,072 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the 4th quarter valued at about $72,550,000. Principal Securities Inc. boosted its position in Global X Nasdaq 100 Covered Call ETF by 5.0% during the 4th quarter. Principal Securities Inc. now owns 1,104,897 shares of the company’s stock worth $20,131,000 after acquiring an additional 52,888 shares during the last quarter. Finally, HUB Investment Partners LLC grew its position in Global X Nasdaq 100 Covered Call ETF by 26.2% in the fourth quarter. HUB Investment Partners LLC now owns 1,102,385 shares of the company’s stock valued at $20,085,000 after purchasing an additional 229,094 shares in the last quarter.

Global X Nasdaq 100 Covered Call ETF Stock Performance

Shares of NASDAQ:QYLD opened at $16.93 on Tuesday. The company has a 50-day simple moving average of $18.03 and a 200 day simple moving average of $18.14. The company has a market capitalization of $8.00 billion, a P/E ratio of 30.84 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 $18.89.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be given a dividend of $0.1703 per share. The ex-dividend date is Monday, March 24th. This is an increase from Global X Nasdaq 100 Covered Call ETF’s previous dividend of $0.17.

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.