Apella Capital LLC Makes New Investment in Global X Nasdaq 100 Covered Call ETF $QYLD

Apella Capital LLC bought a new stake in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) during the first quarter, Holdings Channel.com reports. The fund bought 83,802 shares of the company’s stock, valued at approximately $1,500,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Foguth Wealth Management LLC. bought a new stake in Global X Nasdaq 100 Covered Call ETF during the fourth quarter valued at $22,006,000. Northwestern Mutual Wealth Management Co. increased its stake in Global X Nasdaq 100 Covered Call ETF by 485.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,141,127 shares of the company’s stock valued at $20,164,000 after acquiring an additional 946,115 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Global X Nasdaq 100 Covered Call ETF by 22.1% in the second 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 during the last quarter. Baker Avenue Asset Management LP raised its position in Global X Nasdaq 100 Covered Call ETF by 741.4% during the fourth quarter. Baker Avenue Asset Management LP now owns 432,687 shares of the company’s stock valued at $7,646,000 after purchasing an additional 381,260 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in Global X Nasdaq 100 Covered Call ETF by 2.8% during the fourth quarter. LPL Financial LLC now owns 11,586,603 shares of the company’s stock worth $204,735,000 after purchasing an additional 312,055 shares during the last quarter.

Global X Nasdaq 100 Covered Call ETF Price Performance

Shares of NASDAQ QYLD opened at $17.86 on Friday. The stock has a market capitalization of $8.27 billion, a P/E ratio of 32.28 and a beta of 0.62. The firm’s 50 day simple moving average is $17.98 and its two-hundred day simple moving average is $17.73. Global X Nasdaq 100 Covered Call ETF has a one year low of $16.35 and a one year high of $18.54.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 22nd were paid a $0.1854 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This is an increase from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a yield of 12.5%.

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.