Kovack Advisors Inc. Buys 24,083 Shares of Global X Nasdaq 100 Covered Call ETF $QYLD

Kovack Advisors Inc. increased its stake in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 87.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 51,735 shares of the company’s stock after purchasing an additional 24,083 shares during the quarter. Kovack Advisors Inc.’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $865,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Dagco Inc. bought a new position in Global X Nasdaq 100 Covered Call ETF in the 1st quarter valued at $25,000. Bartlett & CO. Wealth Management LLC bought a new position in Global X Nasdaq 100 Covered Call ETF in the 2nd quarter valued at $26,000. Rossby Financial LCC bought a new position in Global X Nasdaq 100 Covered Call ETF in the 2nd quarter valued at $33,000. Salem Investment Counselors Inc. grew its position in Global X Nasdaq 100 Covered Call ETF by 92.9% in the 2nd quarter. Salem Investment Counselors Inc. now owns 2,700 shares of the company’s stock valued at $45,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Global X Nasdaq 100 Covered Call ETF in the 2nd quarter valued at $49,000.

Global X Nasdaq 100 Covered Call ETF Stock Up 0.1%

Shares of Global X Nasdaq 100 Covered Call ETF stock opened at $17.43 on Friday. The stock’s fifty day moving average is $17.02 and its two-hundred day moving average is $16.70. The company has a market capitalization of $8.13 billion, a PE ratio of 32.28 and a beta of 0.65. Global X Nasdaq 100 Covered Call ETF has a 52 week low of $14.48 and a 52 week high of $18.89.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, October 20th were given a $0.1731 dividend. This is a boost from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Monday, October 20th. This represents a c) annualized dividend and a yield of 11.9%.

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.