SOL Capital Management CO Takes $4.52 Million Position in Global X Nasdaq 100 Covered Call ETF $QYLD

SOL Capital Management CO acquired a new stake in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 276,719 shares of the company’s stock, valued at approximately $4,519,000. Global X Nasdaq 100 Covered Call ETF makes up approximately 1.9% of SOL Capital Management CO’s holdings, making the stock its 10th largest position. SOL Capital Management CO owned about 0.06% of Global X Nasdaq 100 Covered Call ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 286.3% in the fourth quarter. Russell Investments Group Ltd. now owns 1,491 shares of the company’s stock worth $26,000 after acquiring an additional 1,105 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 3rd quarter valued at about $30,000. SHP Wealth Management bought a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 4th quarter valued at about $31,000. Friedenthal Financial acquired a new position in shares of Global X Nasdaq 100 Covered Call ETF in the 4th quarter valued at approximately $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Global X Nasdaq 100 Covered Call ETF by 462.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,154 shares of the company’s stock valued at $38,000 after purchasing an additional 1,771 shares during the period.

Global X Nasdaq 100 Covered Call ETF Stock Performance

NASDAQ QYLD opened at $18.09 on Friday. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 32.28 and a beta of 0.61. The business has a 50 day simple moving average of $18.02 and a 200 day simple moving average of $17.75. Global X Nasdaq 100 Covered Call ETF has a 52-week low of $16.35 and a 52-week high of $18.54.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 22nd were given a dividend of $0.1854 per share. This is a positive change from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date of this dividend was Monday, June 22nd.

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.