SOL Capital Management CO Purchases Shares of 276,719 Global X Nasdaq 100 Covered Call ETF $QYLD

SOL Capital Management CO purchased a new stake in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) during the first quarter, HoldingsChannel reports. The institutional investor purchased 276,719 shares of the company’s stock, valued at approximately $4,519,000. Global X Nasdaq 100 Covered Call ETF accounts for approximately 1.9% of SOL Capital Management CO’s holdings, making the stock its 10th biggest position.

A number of other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC grew its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 1.6% during the fourth quarter. Advisory Services Network LLC now owns 36,771 shares of the company’s stock worth $650,000 after buying an additional 577 shares in the last quarter. Great Valley Advisor Group Inc. lifted its stake in Global X Nasdaq 100 Covered Call ETF by 1.8% in the 4th quarter. Great Valley Advisor Group Inc. now owns 33,413 shares of the company’s stock valued at $590,000 after acquiring an additional 604 shares in the last quarter. First Heartland Consultants Inc. boosted its position in Global X Nasdaq 100 Covered Call ETF by 3.0% during the 4th quarter. First Heartland Consultants Inc. now owns 21,416 shares of the company’s stock worth $378,000 after acquiring an additional 629 shares during the last quarter. Moors & Cabot Inc. boosted its position in Global X Nasdaq 100 Covered Call ETF by 2.1% during the 4th quarter. Moors & Cabot Inc. now owns 30,656 shares of the company’s stock worth $542,000 after acquiring an additional 638 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its stake in shares of Global X Nasdaq 100 Covered Call ETF by 3.0% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 22,416 shares of the company’s stock worth $396,000 after acquiring an additional 645 shares in the last quarter.

Global X Nasdaq 100 Covered Call ETF Stock Down 1.2%

NASDAQ QYLD opened at $18.09 on Friday. Global X Nasdaq 100 Covered Call ETF has a 12-month low of $16.35 and a 12-month high of $18.54. The company has a market capitalization of $8.22 billion, a PE ratio of 32.28 and a beta of 0.61. The firm’s 50 day moving average is $18.02 and its 200-day moving average is $17.75.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 22nd were given a $0.1854 dividend. This represents a c) dividend on an annualized basis and a yield of 12.3%. This is an increase from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Monday, June 22nd.

Global X Nasdaq 100 Covered Call ETF Company 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.