Envestnet Asset Management Inc. Sells 211,600 Shares of Global X Russell 2000 Covered Call ETF $RYLD

Envestnet Asset Management Inc. cut its holdings in Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) by 49.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 214,343 shares of the company’s stock after selling 211,600 shares during the period. Envestnet Asset Management Inc. owned 0.26% of Global X Russell 2000 Covered Call ETF worth $3,226,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fiduciary Alliance LLC bought a new position in Global X Russell 2000 Covered Call ETF during the third quarter valued at approximately $595,000. OneAscent Family Office LLC purchased a new stake in shares of Global X Russell 2000 Covered Call ETF during the 3rd quarter worth approximately $511,000. Avantax Advisory Services Inc. boosted its position in shares of Global X Russell 2000 Covered Call ETF by 392.7% during the 2nd quarter. Avantax Advisory Services Inc. now owns 146,111 shares of the company’s stock valued at $2,179,000 after acquiring an additional 116,453 shares during the last quarter. Corient Private Wealth LLC purchased a new position in shares of Global X Russell 2000 Covered Call ETF in the second quarter valued at $1,687,000. Finally, D.A. Davidson & CO. grew its holdings in shares of Global X Russell 2000 Covered Call ETF by 17.5% in the second quarter. D.A. Davidson & CO. now owns 11,838 shares of the company’s stock valued at $177,000 after purchasing an additional 1,760 shares in the last quarter.

Global X Russell 2000 Covered Call ETF Stock Up 0.5%

Global X Russell 2000 Covered Call ETF stock opened at $15.77 on Thursday. Global X Russell 2000 Covered Call ETF has a 52-week low of $13.16 and a 52-week high of $16.22. The firm’s fifty day moving average is $15.60 and its 200 day moving average is $15.35. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 15.90 and a beta of 0.59.

Global X Russell 2000 Covered Call ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Monday, February 23rd will be issued a $0.1584 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend is Monday, February 23rd. This is a positive change from Global X Russell 2000 Covered Call ETF’s previous monthly dividend of $0.16.

About Global X Russell 2000 Covered Call ETF

The Global X Russell 2000 Covered Call ETF (RYLD) is an exchange-traded fund that is based on the CBOE Russell 2000 BuyWrite index. The fund tracks a market-cap selected and weighted index along with call options for the underlying index. RYLD was launched on Apr 17, 2019 and is managed by Global X.