Montchanin Asset Management LLC Buys New Stake in Global X Nasdaq 100 Covered Call ETF $QYLD

Montchanin Asset Management LLC purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLDFree Report) during the first quarter, Holdings Channel.com reports. The fund purchased 208,395 shares of the company’s stock, valued at approximately $3,574,000. Global X Nasdaq 100 Covered Call ETF makes up approximately 3.6% of Montchanin Asset Management LLC’s holdings, making the stock its 7th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in Global X Nasdaq 100 Covered Call ETF by 2.8% in the fourth quarter. LPL Financial LLC now owns 11,586,603 shares of the company’s stock valued at $204,735,000 after buying an additional 312,055 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 0.7% during the 1st quarter. Bank of America Corp DE now owns 4,887,612 shares of the company’s stock worth $83,823,000 after acquiring an additional 34,751 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 22.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,161,576 shares of the company’s stock worth $52,883,000 after acquiring an additional 571,203 shares in the last quarter. Royal Bank of Canada grew its position in shares of Global X Nasdaq 100 Covered Call ETF by 2.5% during the 4th quarter. Royal Bank of Canada now owns 1,785,168 shares of the company’s stock valued at $31,544,000 after acquiring an additional 43,333 shares during the period. Finally, Brookstone Capital Management grew its position in shares of Global X Nasdaq 100 Covered Call ETF by 3.7% during the 1st quarter. Brookstone Capital Management now owns 1,386,882 shares of the company’s stock valued at $23,785,000 after acquiring an additional 49,189 shares during the period.

Global X Nasdaq 100 Covered Call ETF Stock Up 0.7%

Shares of Global X Nasdaq 100 Covered Call ETF stock opened at $17.74 on Friday. The firm has a market cap of $8.08 billion, a PE ratio of 32.28 and a beta of 0.61. Global X Nasdaq 100 Covered Call ETF has a twelve month low of $16.35 and a twelve month high of $18.54. The business has a 50-day moving average price of $18.01 and a 200 day moving average price of $17.78.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Monday, July 20th were issued a $0.1775 dividend. This represents a c) annualized dividend and a yield of 12.0%. The ex-dividend date of this dividend was Monday, July 20th.

Global X Nasdaq 100 Covered Call ETF Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QYLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLDFree Report).

Institutional Ownership by Quarter for Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

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