Envestnet Asset Management Inc. Takes Position in Credit Suisse X-Links Gold Shares Covered Call ETN (NASDAQ:GLDI)

Envestnet Asset Management Inc. bought a new stake in Credit Suisse X-Links Gold Shares Covered Call ETN (NASDAQ:GLDI – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,656 shares of the company’s stock, valued at approximately $979,000. Envestnet Asset Management Inc. owned 1.66% of Credit Suisse X-Links Gold Shares Covered Call ETN at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mackay Shields LLC acquired a new position in shares of Credit Suisse X-Links Gold Shares Covered Call ETN in the 1st quarter valued at $119,000. QP Wealth Management LLC acquired a new position in shares of Credit Suisse X-Links Gold Shares Covered Call ETN in the 4th quarter valued at $284,000. Wedbush Securities Inc. acquired a new position in shares of Credit Suisse X-Links Gold Shares Covered Call ETN in the 4th quarter valued at $520,000. Jane Street Group LLC grew its position in Credit Suisse X-Links Gold Shares Covered Call ETN by 68.4% in the 1st quarter. Jane Street Group LLC now owns 62,138 shares of the company’s stock valued at $529,000 after buying an additional 25,244 shares during the last quarter. Finally, UBS Group AG grew its position in Credit Suisse X-Links Gold Shares Covered Call ETN by 11.4% in the 1st quarter. UBS Group AG now owns 141,560 shares of the company’s stock valued at $1,206,000 after buying an additional 14,519 shares during the last quarter. 36.97% of the stock is owned by institutional investors and hedge funds.

Credit Suisse X-Links Gold Shares Covered Call ETN Price Performance

NASDAQ:GLDI opened at $142.28 on Friday. The firm’s fifty day moving average price is $146.70 and its 200 day moving average price is $146.15. Credit Suisse X-Links Gold Shares Covered Call ETN has a 1-year low of $139.27 and a 1-year high of $161.80. The firm has a market cap of $56.91 million, a price-to-earnings ratio of 182.46 and a beta of 0.10.

Credit Suisse X-Links Gold Shares Covered Call ETN Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 25th. Investors of record on Monday, May 22nd were given a $1.9876 dividend. This represents a $23.85 dividend on an annualized basis and a yield of 16.76%. This is a positive change from Credit Suisse X-Links Gold Shares Covered Call ETN’s previous monthly dividend of $1.22. The ex-dividend date was Friday, May 19th. Credit Suisse X-Links Gold Shares Covered Call ETN’s dividend payout ratio (DPR) is 2,149.34%.