HighTower Advisors LLC Trims Stock Position in Global X Nasdaq 100 Covered Call ETF $QYLD

HighTower Advisors LLC cut its stake in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 98.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,499 shares of the company’s stock after selling 9,458,801 shares during the quarter. HighTower Advisors LLC’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $1,743,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Global X Japan Co. Ltd. increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 15.2% during the third quarter. Global X Japan Co. Ltd. now owns 13,275,162 shares of the company’s stock valued at $225,811,000 after buying an additional 1,752,324 shares during the period. Ameriprise Financial Inc. boosted 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 valued at $52,883,000 after acquiring an additional 571,203 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 7.9% during the 2nd quarter. Cetera Investment Advisers now owns 1,486,807 shares of the company’s stock worth $24,859,000 after acquiring an additional 108,720 shares during the period. Bensler LLC grew its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 4,648.8% during the 2nd quarter. Bensler LLC now owns 1,261,192 shares of the company’s stock worth $21,087,000 after acquiring an additional 1,234,634 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Global X Nasdaq 100 Covered Call ETF by 16.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,214,474 shares of the company’s stock worth $20,306,000 after acquiring an additional 170,984 shares in the last quarter.

Global X Nasdaq 100 Covered Call ETF Stock Down 0.1%

QYLD opened at $17.59 on Friday. Global X Nasdaq 100 Covered Call ETF has a 52 week low of $14.48 and a 52 week high of $18.08. The stock has a market cap of $8.22 billion, a PE ratio of 32.28 and a beta of 0.65. The business has a 50 day moving average of $17.71 and a 200-day moving average of $17.35.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Monday, February 23rd were issued a dividend of $0.1771 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date was Monday, February 23rd.

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.