Southland Equity Partners LLC Takes $193,000 Position in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Southland Equity Partners LLC purchased a new stake in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,789 shares of the company’s stock, valued at approximately $193,000.

A number of other institutional investors have also recently made changes to their positions in QYLD. PNC Financial Services Group Inc. lifted its holdings in Global X Nasdaq 100 Covered Call ETF by 12.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 77,411 shares of the company’s stock worth $1,298,000 after purchasing an additional 8,789 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the 3rd quarter valued at about $742,000. Envestnet Asset Management Inc. raised its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 11.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 583,893 shares of the company’s stock valued at $9,792,000 after acquiring an additional 60,746 shares in the last quarter. Mariner LLC raised its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 1.8% in the 3rd quarter. Mariner LLC now owns 152,791 shares of the company’s stock valued at $2,563,000 after acquiring an additional 2,670 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 363,824 shares of the company’s stock valued at $6,101,000 after acquiring an additional 1,383 shares in the last quarter.

Global X Nasdaq 100 Covered Call ETF Stock Down 1.4 %

NASDAQ:QYLD opened at $17.53 on Tuesday. The business’s 50-day moving average price is $17.60 and its two-hundred day moving average price is $17.65. Global X Nasdaq 100 Covered Call ETF has a twelve month low of $16.25 and a twelve month high of $18.16. The stock has a market cap of $8.00 billion, a P/E ratio of 28.58 and a beta of 0.71.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 24th will be issued a $0.1686 dividend. The ex-dividend date of this dividend is Monday, June 24th. This represents a $2.02 annualized dividend and a dividend yield of 11.54%. This is a boost from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.16.

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.