Bank of America Corp DE Raises Stock Position in Global X Nasdaq 100 Covered Call ETF $QYLD

Bank of America Corp DE boosted its holdings in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 0.7% in the first quarter, HoldingsChannel reports. The firm owned 4,887,612 shares of the company’s stock after buying an additional 34,751 shares during the period. Bank of America Corp DE’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $83,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its position in Global X Nasdaq 100 Covered Call ETF by 286.3% during the 4th quarter. Russell Investments Group Ltd. now owns 1,491 shares of the company’s stock worth $26,000 after purchasing an additional 1,105 shares during the period. Matrix Private Capital Group LLC purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 1st quarter valued at about $27,000. SHP Wealth Management acquired a new position in shares of Global X Nasdaq 100 Covered Call ETF in the 4th quarter valued at about $31,000. Friedenthal Financial acquired a new position in shares of Global X Nasdaq 100 Covered Call ETF in the 4th quarter valued at about $32,000. Finally, Quaker Wealth Management LLC purchased a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the fourth quarter worth about $39,000.

Global X Nasdaq 100 Covered Call ETF Stock Up 0.3%

Shares of QYLD opened at $18.14 on Friday. The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of 32.28 and a beta of 0.62. Global X Nasdaq 100 Covered Call ETF has a 52 week low of $16.35 and a 52 week high of $18.54. The stock’s 50-day moving average price is $18.02 and its 200-day moving average price is $17.79.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Monday, July 20th were paid a dividend of $0.1775 per share. The ex-dividend date of this dividend was Monday, July 20th. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%.

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.