Mainstream Capital Management LLC Invests $109,000 in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Mainstream Capital Management LLC purchased a new stake in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 6,000 shares of the company’s stock, valued at approximately $109,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in shares of Global X Nasdaq 100 Covered Call ETF during the 4th quarter worth approximately $25,000. Parkside Financial Bank & Trust bought a new stake in Global X Nasdaq 100 Covered Call ETF in the fourth quarter worth $25,000. Crewe Advisors LLC raised its stake in Global X Nasdaq 100 Covered Call ETF by 601.6% during the third quarter. Crewe Advisors LLC now owns 1,712 shares of the company’s stock valued at $31,000 after purchasing an additional 1,468 shares in the last quarter. Copley Financial Group Inc. bought a new position in Global X Nasdaq 100 Covered Call ETF during the third quarter valued at $35,000. Finally, Anfield Capital Management LLC purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF in the 4th quarter worth $55,000.

Global X Nasdaq 100 Covered Call ETF Stock Down 2.1 %

Shares of NASDAQ:QYLD opened at $17.57 on Tuesday. The firm has a fifty day simple moving average of $18.45 and a two-hundred day simple moving average of $18.22. The stock has a market capitalization of $8.30 billion, a P/E ratio of 33.29 and a beta of 0.71. Global X Nasdaq 100 Covered Call ETF has a 52 week low of $15.91 and a 52 week high of $18.89.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were given a $0.165 dividend. The ex-dividend date of this dividend was Monday, February 24th.

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.