Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Reaches New 52-Week High – Should You Buy?

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $18.40 and last traded at $18.40, with a volume of 430498 shares. The stock had previously closed at $18.21.

Global X Nasdaq 100 Covered Call ETF Trading Up 1.2 %

The business has a fifty day moving average price of $17.99 and a 200 day moving average price of $17.73. The firm has a market cap of $8.31 billion, a PE ratio of 28.58 and a beta of 0.71.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, October 28th. Stockholders of record on Monday, October 21st were issued a $0.183 dividend. This is a boost from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. The ex-dividend date was Monday, October 21st. This represents a $2.20 annualized dividend and a dividend yield of 11.92%.

Institutional Investors Weigh In On Global X Nasdaq 100 Covered Call ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE purchased a new position in Global X Nasdaq 100 Covered Call ETF during the 1st quarter worth approximately $573,000. Oppenheimer & Co. Inc. grew its position in shares of Global X Nasdaq 100 Covered Call ETF by 5.9% during the first quarter. Oppenheimer & Co. Inc. now owns 51,561 shares of the company’s stock worth $923,000 after acquiring an additional 2,861 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 44.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 64,443 shares of the company’s stock valued at $1,154,000 after acquiring an additional 19,779 shares during the period. Opal Wealth Advisors LLC purchased a new stake in Global X Nasdaq 100 Covered Call ETF in the 2nd quarter valued at $92,000. Finally, SG Americas Securities LLC boosted its stake in Global X Nasdaq 100 Covered Call ETF by 21.1% during the 1st quarter. SG Americas Securities LLC now owns 30,725 shares of the company’s stock worth $550,000 after purchasing an additional 5,350 shares during the period.

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.