Oppenheimer & Co. Inc. Grows Stock Position in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Oppenheimer & Co. Inc. raised its stake in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 22.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 79,786 shares of the company’s stock after buying an additional 14,485 shares during the period. Oppenheimer & Co. Inc.’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $1,327,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. LPL Financial LLC raised its stake in shares of Global X Nasdaq 100 Covered Call ETF by 13.7% during the 4th quarter. LPL Financial LLC now owns 12,248,780 shares of the company’s stock valued at $223,173,000 after buying an additional 1,474,869 shares during the last quarter. Global X Japan Co. Ltd. raised its stake in shares of Global X Nasdaq 100 Covered Call ETF by 70.9% during the 1st quarter. Global X Japan Co. Ltd. now owns 9,250,598 shares of the company’s stock valued at $153,837,000 after buying an additional 3,836,324 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Global X Nasdaq 100 Covered Call ETF by 6.7% during the 4th quarter. Bank of America Corp DE now owns 5,450,276 shares of the company’s stock valued at $99,304,000 after buying an additional 344,125 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 4th quarter valued at about $72,550,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Global X Nasdaq 100 Covered Call ETF by 5.8% during the 4th quarter. Ameriprise Financial Inc. now owns 2,167,272 shares of the company’s stock valued at $39,489,000 after buying an additional 118,309 shares during the last quarter.

Global X Nasdaq 100 Covered Call ETF Stock Up 0.2%

NASDAQ:QYLD opened at $16.70 on Friday. Global X Nasdaq 100 Covered Call ETF has a 52 week low of $14.48 and a 52 week high of $18.89. The stock has a market capitalization of $8.40 billion, a PE ratio of 32.28 and a beta of 0.64. The stock’s 50-day moving average price is $16.40 and its 200-day moving average price is $17.26.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.1657 per share. The ex-dividend date of this dividend is Monday, June 23rd. This is a boost from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.17. This represents a $1.99 dividend on an annualized basis and a dividend yield of 11.91%.

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.