PMG Family Office LLC Makes New Investment in Global X Russell 2000 Covered Call ETF $RYLD

PMG Family Office LLC purchased a new stake in Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 57,164 shares of the company’s stock, valued at approximately $860,000.

Several other institutional investors have also recently made changes to their positions in RYLD. AlphaCore Capital LLC boosted its position in shares of Global X Russell 2000 Covered Call ETF by 91.4% during the 2nd quarter. AlphaCore Capital LLC now owns 2,094 shares of the company’s stock worth $31,000 after purchasing an additional 1,000 shares in the last quarter. Advisory Services Network LLC bought a new stake in Global X Russell 2000 Covered Call ETF in the 3rd quarter valued at about $37,000. Qube Research & Technologies Ltd raised its stake in Global X Russell 2000 Covered Call ETF by 67.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,643 shares of the company’s stock worth $40,000 after buying an additional 1,065 shares during the period. Alaska Permanent Capital Management LLC acquired a new position in Global X Russell 2000 Covered Call ETF during the 3rd quarter worth approximately $128,000. Finally, Atlantic Private Wealth LLC bought a new position in Global X Russell 2000 Covered Call ETF in the third quarter worth approximately $142,000.

Global X Russell 2000 Covered Call ETF Stock Down 1.6%

NYSEARCA RYLD opened at $15.00 on Thursday. Global X Russell 2000 Covered Call ETF has a 52 week low of $13.16 and a 52 week high of $16.02. The business has a 50 day moving average price of $15.57 and a 200-day moving average price of $15.39. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 15.90 and a beta of 0.59.

Global X Russell 2000 Covered Call ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were paid a dividend of $0.1584 per share. This is a boost from Global X Russell 2000 Covered Call ETF’s previous monthly dividend of $0.16. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 12.7%.

About Global X Russell 2000 Covered Call ETF

The Global X Russell 2000 Covered Call ETF (RYLD) is an exchange-traded fund that is based on the CBOE Russell 2000 BuyWrite index. The fund tracks a market-cap selected and weighted index along with call options for the underlying index. RYLD was launched on Apr 17, 2019 and is managed by Global X.