Northwestern Mutual Wealth Management Co. Acquires 14,132 Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 466,376 shares of the company’s stock after purchasing an additional 14,132 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.10% of Global X Nasdaq 100 Covered Call ETF worth $8,241,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MCF Advisors LLC bought a new stake in Global X Nasdaq 100 Covered Call ETF in the 1st quarter worth about $49,000. Fisher Asset Management LLC purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF during the fourth quarter worth about $217,000. US Bancorp DE bought a new position in shares of Global X Nasdaq 100 Covered Call ETF in the 1st quarter worth $573,000. Oppenheimer & Co. Inc. raised its position in Global X Nasdaq 100 Covered Call ETF by 5.9% during the first quarter. Oppenheimer & Co. Inc. now owns 51,561 shares of the company’s stock valued at $923,000 after purchasing an additional 2,861 shares in the last quarter. Finally, Fifth Third Securities Inc. lifted its position in Global X Nasdaq 100 Covered Call ETF by 53.9% in the 1st quarter. Fifth Third Securities Inc. now owns 176,566 shares of the company’s stock worth $3,162,000 after buying an additional 61,805 shares during the last quarter.

Global X Nasdaq 100 Covered Call ETF Stock Down 0.6 %

NASDAQ QYLD opened at $17.93 on Wednesday. The company has a 50-day simple moving average of $17.59 and a two-hundred day simple moving average of $17.68. Global X Nasdaq 100 Covered Call ETF has a 12-month low of $15.91 and a 12-month high of $18.17. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 28.58 and a beta of 0.71.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.181 per share. This is a positive change from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. The ex-dividend date was Monday, September 23rd. This represents a $2.17 dividend on an annualized basis and a dividend yield of 12.11%.

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.