Balboa Wealth Partners Cuts Stock Holdings in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Balboa Wealth Partners lowered its stake in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 8.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,376 shares of the company’s stock after selling 1,110 shares during the quarter. Balboa Wealth Partners’ holdings in Global X Nasdaq 100 Covered Call ETF were worth $195,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Hollencrest Capital Management purchased a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the fourth quarter worth about $33,000. FMR LLC raised its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 1,668.6% in the first quarter. FMR LLC now owns 2,140 shares of the company’s stock worth $37,000 after buying an additional 2,019 shares during the period. Signaturefd LLC bought a new stake in shares of Global X Nasdaq 100 Covered Call ETF during the 1st quarter worth approximately $51,000. Bank of Montreal Can boosted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 130.9% during the first quarter. Bank of Montreal Can now owns 2,586 shares of the company’s stock valued at $54,000 after purchasing an additional 1,466 shares during the period. Finally, Aptus Capital Advisors LLC increased its stake in Global X Nasdaq 100 Covered Call ETF by 22.1% in the 1st quarter. Aptus Capital Advisors LLC now owns 3,750 shares of the company’s stock worth $64,000 after buying an additional 679 shares during the period.

Global X Nasdaq 100 Covered Call ETF Price Performance

Global X Nasdaq 100 Covered Call ETF stock opened at $17.46 on Thursday. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 21.43 and a beta of 0.71. The firm has a 50-day moving average of $17.72 and a two-hundred day moving average of $17.51. Global X Nasdaq 100 Covered Call ETF has a 1 year low of $15.00 and a 1 year high of $18.16.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, August 29th. Investors of record on Tuesday, August 22nd were issued a $0.1731 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 11.90%.

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.