Independent Advisor Alliance Decreases Stake in Global X Russell 2000 Covered Call ETF $RYLD

Independent Advisor Alliance decreased its holdings in shares of Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) by 29.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,932 shares of the company’s stock after selling 41,374 shares during the quarter. Independent Advisor Alliance owned about 0.12% of Global X Russell 2000 Covered Call ETF worth $1,519,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Janney Montgomery Scott LLC boosted its position in Global X Russell 2000 Covered Call ETF by 0.6% during the second quarter. Janney Montgomery Scott LLC now owns 246,266 shares of the company’s stock worth $3,672,000 after acquiring an additional 1,457 shares during the last quarter. Fiduciary Alliance LLC purchased a new position in Global X Russell 2000 Covered Call ETF in the 3rd quarter worth approximately $595,000. Farther Finance Advisors LLC purchased a new position in Global X Russell 2000 Covered Call ETF in the 2nd quarter worth approximately $34,000. OneAscent Family Office LLC acquired a new position in shares of Global X Russell 2000 Covered Call ETF during the 3rd quarter worth approximately $511,000. Finally, Avantax Advisory Services Inc. grew its position in shares of Global X Russell 2000 Covered Call ETF by 392.7% in the second quarter. Avantax Advisory Services Inc. now owns 146,111 shares of the company’s stock valued at $2,179,000 after purchasing an additional 116,453 shares in the last quarter.

Global X Russell 2000 Covered Call ETF Stock Performance

NYSEARCA:RYLD opened at $15.58 on Wednesday. Global X Russell 2000 Covered Call ETF has a one year low of $13.16 and a one year high of $16.87. The stock has a market cap of $1.31 billion, a PE ratio of 15.90 and a beta of 0.59. The stock has a 50 day moving average price of $15.49 and a 200 day moving average price of $15.25.

Global X Russell 2000 Covered Call ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a dividend of $0.1573 per share. The ex-dividend date was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 12.1%. This is a boost from Global X Russell 2000 Covered Call ETF’s previous monthly dividend of $0.16.

Global X Russell 2000 Covered Call ETF Profile

The Global X Russell 2000 Covered Call ETF (RYLD) is an exchange-traded fund that is based on the CBOE Russell 2000 BuyWrite index. The fund tracks a market-cap selected and weighted index along with call options for the underlying index. RYLD was launched on Apr 17, 2019 and is managed by Global X.