Anchor Capital Management Group Inc Invests $3.09 Million in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Anchor Capital Management Group Inc bought a new position in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) during the fourth quarter, Holdings Channel reports. The fund bought 169,500 shares of the company’s stock, valued at approximately $3,088,000. Global X Nasdaq 100 Covered Call ETF accounts for 1.1% of Anchor Capital Management Group Inc’s investment portfolio, making the stock its 5th biggest position.

Other hedge funds have also modified their holdings of the company. Cape Investment Advisory Inc. grew its position in Global X Nasdaq 100 Covered Call ETF by 16.6% during the 4th quarter. Cape Investment Advisory Inc. now owns 3,864 shares of the company’s stock worth $70,000 after purchasing an additional 551 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 9.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 6,957 shares of the company’s stock valued at $128,000 after buying an additional 586 shares in the last quarter. Global Retirement Partners LLC raised its position in Global X Nasdaq 100 Covered Call ETF by 0.9% during the fourth quarter. Global Retirement Partners LLC now owns 66,486 shares of the company’s stock valued at $1,211,000 after buying an additional 587 shares during the period. Wealth Effects LLC lifted its stake in Global X Nasdaq 100 Covered Call ETF by 0.9% in the 4th quarter. Wealth Effects LLC now owns 71,704 shares of the company’s stock worth $1,306,000 after acquiring an additional 625 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in Global X Nasdaq 100 Covered Call ETF by 4.1% during the 4th quarter. Avior Wealth Management LLC now owns 18,520 shares of the company’s stock worth $337,000 after acquiring an additional 723 shares during the period.

Global X Nasdaq 100 Covered Call ETF Price Performance

NASDAQ:QYLD opened at $15.21 on Friday. The stock has a market cap of $7.64 billion, a PE ratio of 30.23 and a beta of 0.71. Global X Nasdaq 100 Covered Call ETF has a fifty-two week low of $15.20 and a fifty-two week high of $18.89. The stock’s 50-day moving average is $17.68 and its two-hundred day moving average is $18.06.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were paid a $0.1703 dividend. The ex-dividend date was Monday, March 24th. This is a positive change from Global X Nasdaq 100 Covered Call ETF’s previous dividend of $0.17.

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.