Sowell Financial Services LLC Decreases Stock Position in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Sowell Financial Services LLC cut its holdings in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 44.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 102,797 shares of the company’s stock after selling 83,669 shares during the quarter. Sowell Financial Services LLC’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $1,873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its stake in Global X Nasdaq 100 Covered Call ETF by 141.8% in the fourth quarter. AdvisorNet Financial Inc now owns 3,862 shares of the company’s stock valued at $70,000 after buying an additional 2,265 shares during the last quarter. SG Americas Securities LLC raised its stake in Global X Nasdaq 100 Covered Call ETF by 14.3% in the fourth quarter. SG Americas Securities LLC now owns 29,300 shares of the company’s stock valued at $534,000 after buying an additional 3,659 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in Global X Nasdaq 100 Covered Call ETF in the fourth quarter valued at about $273,000. JPMorgan Chase & Co. raised its stake in Global X Nasdaq 100 Covered Call ETF by 14.5% in the third quarter. JPMorgan Chase & Co. now owns 382,844 shares of the company’s stock valued at $6,907,000 after buying an additional 48,618 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Global X Nasdaq 100 Covered Call ETF by 61,414.3% in the third quarter. BNP Paribas Financial Markets now owns 4,306 shares of the company’s stock valued at $78,000 after buying an additional 4,299 shares during the last quarter.

Global X Nasdaq 100 Covered Call ETF Stock Up 0.8 %

Shares of NASDAQ:QYLD opened at $17.40 on Monday. Global X Nasdaq 100 Covered Call ETF has a 52-week low of $15.91 and a 52-week high of $18.89. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 33.29 and a beta of 0.71. The business has a 50-day moving average price of $18.35 and a 200-day moving average price of $18.21.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were paid a $0.165 dividend. The ex-dividend date of this dividend was Monday, February 24th.

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.