Kovack Advisors Inc. Buys 2,109 Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Kovack Advisors Inc. boosted its position in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 8.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,947 shares of the company’s stock after acquiring an additional 2,109 shares during the quarter. Kovack Advisors Inc.’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $468,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Mather Group LLC. purchased a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the 2nd quarter valued at $39,000. American National Bank bought a new position in shares of Global X Nasdaq 100 Covered Call ETF during the second quarter valued at about $41,000. DHJJ Financial Advisors Ltd. increased its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 3,591.0% in the second quarter. DHJJ Financial Advisors Ltd. now owns 2,473 shares of the company’s stock worth $44,000 after buying an additional 2,406 shares during the period. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 46.5% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 2,930 shares of the company’s stock valued at $52,000 after acquiring an additional 930 shares during the last quarter. Finally, Chris Bulman Inc purchased a new stake in Global X Nasdaq 100 Covered Call ETF during the 2nd quarter valued at about $54,000.

Global X Nasdaq 100 Covered Call ETF Stock Performance

Shares of QYLD stock opened at $18.51 on Friday. The company has a market capitalization of $8.35 billion, a P/E ratio of 28.58 and a beta of 0.71. Global X Nasdaq 100 Covered Call ETF has a fifty-two week low of $15.91 and a fifty-two week high of $18.56. The stock has a 50 day moving average price of $18.08 and a two-hundred day moving average price of $17.77.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 28th. Investors of record on Monday, October 21st were issued a dividend of $0.183 per share. This is a positive change from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. This represents a $2.20 dividend on an annualized basis and a yield of 11.86%. The ex-dividend date of this dividend was Monday, October 21st.

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.