Hexagon Capital Partners LLC significantly increased its stake in Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) by 963.5% in the first quarter, according to recent filings with the SEC. The institutional investor now owns 2,127 shares of the company’s stock, valued at $38,000.
Other large investors have also made moves with QYLD stock. International Assets Investment Management LLC acquired a new position in the fourth quarter worth around $66,617,000, while Principal Securities Inc. purchased shares valued at $15,923,000.
In terms of stock performance, QYLD opened at $17.76 on Tuesday, with a 52-week low of $16.25 and a high of $18.16. The firm’s market cap is $8.11 billion, with a price-to-earnings ratio of 28.58 and a beta of 0.71.
A recent development includes an increase in QYLD’s monthly dividend, with shareholders receiving $0.1686 per share. This represents a boost from the previous monthly dividend of $0.16, resulting in a dividend yield of 11.39%.
The Global X NASDAQ 100 Covered Call ETF (QYLD) is an exchange-traded fund based on the Cboe NASDAQ-100 BuyWrite V2 index. Launched in 2013, the fund is managed by Global X and tracks an index that holds Nasdaq 100 stocks while selling call options on those stocks to collect premiums.
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