Royal Bank of Canada Trims Stock Position in Global X Nasdaq 100 Covered Call ETF $QYLD

Royal Bank of Canada cut its holdings in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 2.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,736,807 shares of the company’s stock after selling 48,361 shares during the period. Royal Bank of Canada’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $29,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. IMC Chicago LLC grew its position in Global X Nasdaq 100 Covered Call ETF by 469.0% during the 1st quarter. IMC Chicago LLC now owns 1,295,978 shares of the company’s stock worth $22,226,000 after purchasing an additional 1,068,210 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 485.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,141,127 shares of the company’s stock valued at $20,164,000 after buying an additional 946,115 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 22.1% in the second quarter. Ameriprise Financial Inc. now owns 3,161,576 shares of the company’s stock worth $52,883,000 after buying an additional 571,203 shares during the last quarter. Baker Avenue Asset Management LP boosted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 741.4% in the fourth quarter. Baker Avenue Asset Management LP now owns 432,687 shares of the company’s stock worth $7,646,000 after buying an additional 381,260 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in Global X Nasdaq 100 Covered Call ETF by 2.8% during the fourth quarter. LPL Financial LLC now owns 11,586,603 shares of the company’s stock worth $204,735,000 after acquiring an additional 312,055 shares during the period.

Global X Nasdaq 100 Covered Call ETF Trading Up 0.9%

Shares of QYLD stock opened at $18.08 on Wednesday. Global X Nasdaq 100 Covered Call ETF has a twelve month low of $16.35 and a twelve month high of $18.54. The stock has a market cap of $8.24 billion, a P/E ratio of 32.28 and a beta of 0.61. The stock has a 50 day moving average of $18.02 and a 200 day moving average of $17.78.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, July 23rd. Investors of record on Monday, July 20th were paid a $0.1775 dividend. This represents a c) annualized dividend and a dividend yield of 11.8%. The ex-dividend date was Monday, July 20th.

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.