Sims Investment Management LLC Makes New $13.76 Million Investment in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Sims Investment Management LLC acquired a new position in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 755,446 shares of the company’s stock, valued at approximately $13,764,000. Global X Nasdaq 100 Covered Call ETF accounts for approximately 7.8% of Sims Investment Management LLC’s portfolio, making the stock its 3rd largest position. Sims Investment Management LLC owned 0.16% of Global X Nasdaq 100 Covered Call ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. First Heartland Consultants Inc. increased its stake in Global X Nasdaq 100 Covered Call ETF by 3.7% during the 3rd quarter. First Heartland Consultants Inc. now owns 15,777 shares of the company’s stock worth $285,000 after acquiring an additional 567 shares during the period. Global Retirement Partners LLC increased its stake in shares of Global X Nasdaq 100 Covered Call ETF by 0.9% in the 4th quarter. Global Retirement Partners LLC now owns 66,486 shares of the company’s stock valued at $1,211,000 after purchasing an additional 587 shares during the last quarter. Wealth Effects LLC increased its stake in shares of 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 valued at $1,306,000 after purchasing an additional 625 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of Global X Nasdaq 100 Covered Call ETF by 4.1% in the 4th quarter. Avior Wealth Management LLC now owns 18,520 shares of the company’s stock valued at $337,000 after purchasing an additional 723 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its stake in shares of Global X Nasdaq 100 Covered Call ETF by 1.4% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 54,617 shares of the company’s stock valued at $985,000 after purchasing an additional 731 shares during the last quarter.

Global X Nasdaq 100 Covered Call ETF Stock Performance

Shares of QYLD opened at $17.94 on Friday. Global X Nasdaq 100 Covered Call ETF has a 52-week low of $15.91 and a 52-week high of $18.89. The business’s fifty day moving average is $18.47 and its 200-day moving average is $18.21. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 33.29 and a beta of 0.71.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be paid a $0.165 dividend. The ex-dividend date is Monday, February 24th.

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.