Sowell Financial Services LLC Trims Holdings in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)

Sowell Financial Services LLC trimmed its stake in shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 44.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,797 shares of the company’s stock after selling 83,669 shares during the period. Sowell Financial Services LLC’s holdings in Global X Nasdaq 100 Covered Call ETF were worth $1,873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cape Investment Advisory Inc. grew its holdings in Global X Nasdaq 100 Covered Call ETF by 16.6% during the fourth quarter. Cape Investment Advisory Inc. now owns 3,864 shares of the company’s stock worth $70,000 after acquiring an additional 551 shares during the period. First Heartland Consultants Inc. grew its holdings in Global X Nasdaq 100 Covered Call ETF by 3.7% in the third quarter. First Heartland Consultants Inc. now owns 15,777 shares of the company’s stock valued at $285,000 after purchasing an additional 567 shares during the period. Global Retirement Partners LLC grew its holdings in Global X Nasdaq 100 Covered Call ETF by 0.9% in the fourth quarter. Global Retirement Partners LLC now owns 66,486 shares of the company’s stock valued at $1,211,000 after purchasing an additional 587 shares during the period. Wealth Effects LLC grew its holdings in Global X Nasdaq 100 Covered Call ETF by 0.9% in the fourth quarter. Wealth Effects LLC now owns 71,704 shares of the company’s stock valued at $1,306,000 after purchasing an additional 625 shares during the period. Finally, Avior Wealth Management LLC grew its holdings in Global X Nasdaq 100 Covered Call ETF by 4.1% in the fourth quarter. Avior Wealth Management LLC now owns 18,520 shares of the company’s stock valued at $337,000 after purchasing an additional 723 shares during the period.

Global X Nasdaq 100 Covered Call ETF Trading Up 0.8 %

Shares of QYLD opened at $17.40 on Monday. Global X Nasdaq 100 Covered Call ETF has a 12 month low of $15.91 and a 12 month high of $18.89. The stock’s 50 day moving average is $18.35 and its two-hundred day moving average is $18.21. The firm has a market cap of $8.22 billion, a P/E ratio of 33.29 and a beta of 0.71.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were issued a $0.165 dividend. The ex-dividend date of this dividend was Monday, February 24th.

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.