Institute for Wealth Management LLC. Sells 6,978 Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Institute for Wealth Management LLC. lowered its stake in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,857 shares of the company’s stock after selling 6,978 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $2,694,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hunter Associates Investment Management LLC increased its stake in shares of Global X Nasdaq 100 Covered Call ETF by 12.5% in the fourth quarter. Hunter Associates Investment Management LLC now owns 109,905 shares of the company’s stock worth $2,000,000 after purchasing an additional 12,187 shares during the period. Wealth Effects LLC increased its position in Global X Nasdaq 100 Covered Call ETF by 0.9% in the 4th quarter. Wealth Effects LLC now owns 71,704 shares of the company’s stock worth $1,306,000 after buying an additional 625 shares during the period. Foundations Investment Advisors LLC lifted its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 21.0% during the fourth quarter. Foundations Investment Advisors LLC now owns 51,647 shares of the company’s stock worth $941,000 after buying an additional 8,971 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its position in shares of Global X Nasdaq 100 Covered Call ETF by 98.1% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 31,595 shares of the company’s stock valued at $576,000 after acquiring an additional 15,648 shares during the period. Finally, Register Financial Advisors LLC increased its position in Global X Nasdaq 100 Covered Call ETF by 11.5% during the fourth quarter. Register Financial Advisors LLC now owns 74,400 shares of the company’s stock worth $1,356,000 after acquiring an additional 7,650 shares during the period.

Global X Nasdaq 100 Covered Call ETF Stock Performance

NASDAQ:QYLD opened at $18.47 on Friday. The firm’s 50-day moving average is $18.38 and its 200-day moving average is $18.03. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 28.58 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 $18.81.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 21st were given a dividend of $0.1877 per share. The ex-dividend date of this dividend was Tuesday, January 21st.

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.