Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Hits New 12-Month High – Still a Buy?

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $18.23 and last traded at $18.23, with a volume of 75418 shares changing hands. The stock had previously closed at $18.22.

Global X Nasdaq 100 Covered Call ETF Stock Down 0.1 %

The firm’s fifty day simple moving average is $17.86 and its two-hundred day simple moving average is $17.70. The firm has a market cap of $8.17 billion, a PE ratio of 28.58 and a beta of 0.71.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a $0.181 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.17 annualized dividend and a yield of 11.93%. This is an increase from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC grew its position in shares of Global X Nasdaq 100 Covered Call ETF by 4.6% during the third quarter. Global Retirement Partners LLC now owns 65,899 shares of the company’s stock worth $1,189,000 after purchasing an additional 2,883 shares in the last quarter. Good Life Advisors LLC boosted its stake in Global X Nasdaq 100 Covered Call ETF by 128.8% in the 3rd quarter. Good Life Advisors LLC now owns 100,982 shares of the company’s stock worth $1,822,000 after purchasing an additional 56,855 shares during the period. Prospect Financial Services LLC grew its holdings in Global X Nasdaq 100 Covered Call ETF by 16.0% during the 3rd quarter. Prospect Financial Services LLC now owns 21,561 shares of the company’s stock valued at $389,000 after buying an additional 2,980 shares in the last quarter. NBC Securities Inc. raised its position in shares of Global X Nasdaq 100 Covered Call ETF by 22.4% during the third quarter. NBC Securities Inc. now owns 33,471 shares of the company’s stock valued at $603,000 after buying an additional 6,135 shares during the last quarter. Finally, Creative Planning lifted its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 25.5% in the third quarter. Creative Planning now owns 36,446 shares of the company’s stock worth $657,000 after buying an additional 7,406 shares in the last quarter.

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.