Sound Income Strategies LLC Has $17.61 Million Holdings in Global X Nasdaq 100 Covered Call ETF $QYLD

Sound Income Strategies LLC lessened its stake in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 11.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,020,591 shares of the company’s stock after selling 132,059 shares during the quarter. Sound Income Strategies LLC owned about 0.22% of Global X Nasdaq 100 Covered Call ETF worth $17,605,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in shares of Global X Nasdaq 100 Covered Call ETF in the 1st quarter valued at about $244,000. Focus Partners Wealth boosted its stake in Global X Nasdaq 100 Covered Call ETF by 81.4% during the 1st quarter. Focus Partners Wealth now owns 35,289 shares of the company’s stock worth $587,000 after acquiring an additional 15,835 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Global X Nasdaq 100 Covered Call ETF by 3.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 405,374 shares of the company’s stock worth $6,778,000 after acquiring an additional 12,914 shares during the last quarter. Cerity Partners LLC grew its holdings in Global X Nasdaq 100 Covered Call ETF by 186.7% during the second quarter. Cerity Partners LLC now owns 326,875 shares of the company’s stock valued at $5,456,000 after purchasing an additional 212,857 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Global X Nasdaq 100 Covered Call ETF by 68.4% during the second quarter. Daiwa Securities Group Inc. now owns 87,610 shares of the company’s stock valued at $1,465,000 after purchasing an additional 35,570 shares during the period.

Global X Nasdaq 100 Covered Call ETF Stock Performance

Shares of NASDAQ:QYLD opened at $18.09 on Friday. The company has a 50 day moving average price of $18.02 and a two-hundred day moving average price of $17.75. The company has a market capitalization of $8.22 billion, a PE ratio of 32.28 and a beta of 0.61. Global X Nasdaq 100 Covered Call ETF has a 52 week low of $16.35 and a 52 week high of $18.54.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 22nd were issued a $0.1854 dividend. This is a positive change from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 12.3%.

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.