HighTower Advisors LLC Sells 9,458,801 Shares of Global X Nasdaq 100 Covered Call ETF $QYLD

HighTower Advisors LLC trimmed its position in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 98.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 102,499 shares of the company’s stock after selling 9,458,801 shares during the quarter. HighTower Advisors LLC’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of QYLD. Jones Financial Companies Lllp bought a new position in Global X Nasdaq 100 Covered Call ETF in the first quarter valued at about $244,000. Focus Partners Wealth grew its stake in shares of Global X Nasdaq 100 Covered Call ETF by 81.4% during the 1st quarter. Focus Partners Wealth now owns 35,289 shares of the company’s stock valued at $587,000 after purchasing an additional 15,835 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 16.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,214,474 shares of the company’s stock valued at $20,306,000 after purchasing an additional 170,984 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Global X Nasdaq 100 Covered Call ETF in the 2nd quarter worth approximately $474,000. Finally, Spire Wealth Management boosted its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 62.0% in the second quarter. Spire Wealth Management now owns 8,000 shares of the company’s stock worth $134,000 after buying an additional 3,062 shares during the last quarter.

Global X Nasdaq 100 Covered Call ETF Trading Down 0.1%

Shares of NASDAQ QYLD opened at $17.59 on Friday. Global X Nasdaq 100 Covered Call ETF has a 12-month low of $14.48 and a 12-month high of $18.08. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 32.28 and a beta of 0.65. The firm has a 50 day moving average of $17.71 and a 200 day moving average of $17.35.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Monday, February 23rd were paid a $0.1771 dividend. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date was Monday, February 23rd.

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.