Montchanin Asset Management LLC Purchases Shares of 208,395 Global X Nasdaq 100 Covered Call ETF $QYLD

Montchanin Asset Management LLC acquired a new position in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 208,395 shares of the company’s stock, valued at approximately $3,574,000. Global X Nasdaq 100 Covered Call ETF accounts for about 3.6% of Montchanin Asset Management LLC’s holdings, making the stock its 7th largest holding.

Several other institutional investors have also recently modified their holdings of the company. IMC Chicago LLC lifted its position in Global X Nasdaq 100 Covered Call ETF by 469.0% during the first quarter. IMC Chicago LLC now owns 1,295,978 shares of the company’s stock valued at $22,226,000 after purchasing an additional 1,068,210 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Global X Nasdaq 100 Covered Call ETF by 485.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,141,127 shares of the company’s stock valued at $20,164,000 after purchasing an additional 946,115 shares during the last quarter. Ameriprise Financial Inc. grew its position in 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 purchasing an additional 571,203 shares during the period. Baker Avenue Asset Management LP grew its position in Global X Nasdaq 100 Covered Call ETF by 741.4% during the 4th quarter. Baker Avenue Asset Management LP now owns 432,687 shares of the company’s stock worth $7,646,000 after purchasing an additional 381,260 shares during the period. Finally, LPL Financial LLC raised its stake in shares of Global X Nasdaq 100 Covered Call ETF by 2.8% during the 4th 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 during the last quarter.

Global X Nasdaq 100 Covered Call ETF Stock Performance

NASDAQ QYLD opened at $17.74 on Friday. The firm has a market capitalization of $8.08 billion, a P/E ratio of 32.28 and a beta of 0.61. The stock has a 50-day simple moving average of $18.01 and a two-hundred day simple moving average of $17.78. Global X Nasdaq 100 Covered Call ETF has a fifty-two week low of $16.35 and a fifty-two week high of $18.54.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

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

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.