Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Sets New 12-Month High – Time to Buy?

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $18.18 and last traded at $18.18, with a volume of 90975 shares. The stock had previously closed at $18.09.

Global X Nasdaq 100 Covered Call ETF Stock Performance

The company’s fifty day moving average price is $17.88 and its 200-day moving average price is $17.69. The stock has a market cap of $8.43 billion, a P/E ratio of 32.28 and a beta of 0.62.

Global X Nasdaq 100 Covered Call ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 18th were issued a dividend of $0.1785 per share. The ex-dividend date was Monday, May 18th. This represents a c) dividend on an annualized basis and a yield of 11.8%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QYLD. E Wealth Partners LLC raised its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 3.0% in the 1st quarter. E Wealth Partners LLC now owns 37,165 shares of the company’s stock valued at $637,000 after purchasing an additional 1,098 shares in the last quarter. NewEdge Advisors LLC grew its position in Global X Nasdaq 100 Covered Call ETF by 9.4% during the 1st quarter. NewEdge Advisors LLC now owns 365,487 shares of the company’s stock worth $6,268,000 after purchasing an additional 31,405 shares during the last quarter. Foguth Wealth Management LLC. grew its position in Global X Nasdaq 100 Covered Call ETF by 67.4% during the 1st quarter. Foguth Wealth Management LLC. now owns 2,083,167 shares of the company’s stock worth $37,664,000 after purchasing an additional 838,503 shares during the last quarter. Montchanin Asset Management LLC purchased a new stake in Global X Nasdaq 100 Covered Call ETF during the 1st quarter worth approximately $3,574,000. Finally, Western Wealth Management LLC lifted its stake in Global X Nasdaq 100 Covered Call ETF by 13.6% during the 1st quarter. Western Wealth Management LLC now owns 38,871 shares of the company’s stock valued at $667,000 after acquiring an additional 4,650 shares during the period.

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.