Foguth Wealth Management LLC. Invests $22.01 Million in Global X Nasdaq 100 Covered Call ETF $QYLD

Foguth Wealth Management LLC. purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,244,664 shares of the company’s stock, valued at approximately $22,006,000. Global X Nasdaq 100 Covered Call ETF makes up 3.4% of Foguth Wealth Management LLC.’s portfolio, making the stock its 5th largest position. Foguth Wealth Management LLC. owned about 0.27% of Global X Nasdaq 100 Covered Call ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in QYLD. Global X Japan Co. Ltd. raised its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 15.2% during the 3rd quarter. Global X Japan Co. Ltd. now owns 13,275,162 shares of the company’s stock worth $225,811,000 after buying an additional 1,752,324 shares in the last quarter. Prevail Innovative Wealth Advisors LLC boosted its stake in Global X Nasdaq 100 Covered Call ETF by 26.7% in the third quarter. Prevail Innovative Wealth Advisors LLC now owns 191,458 shares of the company’s stock valued at $3,257,000 after buying an additional 40,381 shares in the last quarter. APS Management Group Inc. acquired a new stake in Global X Nasdaq 100 Covered Call ETF in the third quarter valued at about $1,666,000. CreativeOne Wealth LLC grew its position in Global X Nasdaq 100 Covered Call ETF by 50.3% in the second quarter. CreativeOne Wealth LLC now owns 187,175 shares of the company’s stock valued at $3,130,000 after acquiring an additional 62,671 shares during the last quarter. Finally, NFP Retirement Inc. grew its position in Global X Nasdaq 100 Covered Call ETF by 20.7% in the second quarter. NFP Retirement Inc. now owns 152,340 shares of the company’s stock valued at $2,547,000 after acquiring an additional 26,119 shares during the last quarter.

Global X Nasdaq 100 Covered Call ETF Price Performance

QYLD stock opened at $17.49 on Friday. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 32.28 and a beta of 0.65. The company has a 50 day simple moving average of $17.67 and a 200 day simple moving average of $17.44. Global X Nasdaq 100 Covered Call ETF has a 1 year low of $14.48 and a 1 year high of $18.00.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Monday, February 23rd were issued a dividend of $0.1771 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 12.2%.

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.