Beta Wealth Group Inc. Purchases Shares of 533,730 Global X Nasdaq 100 Covered Call ETF $QYLD

Beta Wealth Group Inc. acquired a new position in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 533,730 shares of the company’s stock, valued at approximately $9,079,000. Global X Nasdaq 100 Covered Call ETF makes up about 3.6% of Beta Wealth Group Inc.’s investment portfolio, making the stock its 7th largest holding. Beta Wealth Group Inc. owned about 0.11% of Global X Nasdaq 100 Covered Call ETF at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Founders Financial Alliance LLC boosted its stake in Global X Nasdaq 100 Covered Call ETF by 23.4% during the 3rd quarter. Founders Financial Alliance LLC now owns 42,313 shares of the company’s stock worth $720,000 after purchasing an additional 8,027 shares during the last quarter. Atticus Wealth Management LLC grew its stake in shares of Global X Nasdaq 100 Covered Call ETF by 49.5% in the 3rd quarter. Atticus Wealth Management LLC now owns 10,831 shares of the company’s stock valued at $184,000 after buying an additional 3,586 shares during the period. Florida Financial Advisors LLC acquired a new stake in Global X Nasdaq 100 Covered Call ETF during the third quarter worth $182,000. Ameritas Advisory Services LLC raised its holdings in Global X Nasdaq 100 Covered Call ETF by 6.6% in the 3rd quarter. Ameritas Advisory Services LLC now owns 160,238 shares of the company’s stock valued at $2,726,000 after buying an additional 9,914 shares during the period. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Global X Nasdaq 100 Covered Call ETF by 1.8% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 280,447 shares of the company’s stock valued at $4,770,000 after acquiring an additional 4,988 shares during the period.

Global X Nasdaq 100 Covered Call ETF Stock Performance

NASDAQ QYLD opened at $17.55 on Tuesday. Global X Nasdaq 100 Covered Call ETF has a one year low of $14.48 and a one year high of $18.89. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 32.28 and a beta of 0.65. The firm has a 50 day simple moving average of $17.71 and a 200-day simple moving average of $17.31.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were paid a $0.1786 dividend. This is a boost from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date was Tuesday, January 20th.

Global X Nasdaq 100 Covered Call ETF 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.