ELCO Management Co. LLC Sells 2,200 Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

ELCO Management Co. LLC cut its stake in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,800 shares of the company’s stock after selling 2,200 shares during the period. ELCO Management Co. LLC’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new position in Global X Nasdaq 100 Covered Call ETF during the fourth quarter valued at about $25,000. Parkside Financial Bank & Trust bought a new stake in shares of Global X Nasdaq 100 Covered Call ETF during the fourth quarter valued at approximately $25,000. Copley Financial Group Inc. acquired a new position in shares of Global X Nasdaq 100 Covered Call ETF in the third quarter valued at $35,000. Biltmore Family Office LLC lifted its position in Global X Nasdaq 100 Covered Call ETF by 300.0% in the fourth quarter. Biltmore Family Office LLC now owns 2,000 shares of the company’s stock worth $37,000 after purchasing an additional 1,500 shares during the period. Finally, Hollencrest Capital Management acquired a new stake in Global X Nasdaq 100 Covered Call ETF during the fourth quarter worth $50,000.

Global X Nasdaq 100 Covered Call ETF Stock Down 1.8 %

Shares of QYLD opened at $14.97 on Wednesday. Global X Nasdaq 100 Covered Call ETF has a 12 month low of $14.48 and a 12 month high of $18.89. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 30.23 and a beta of 0.71. The company has a 50-day moving average price of $17.48 and a two-hundred day moving average price of $18.00.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

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

Global X Nasdaq 100 Covered Call ETF 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.