Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $17.95 and traded as low as $16.86. Global X Nasdaq 100 Covered Call ETF shares last traded at $16.87, with a volume of 13,437,778 shares trading hands.

Global X Nasdaq 100 Covered Call ETF Trading Down 6.2%

The company’s 50 day moving average price is $18.36 and its 200-day moving average price is $17.95. The company has a market capitalization of $7.73 billion, a PE ratio of 32.28 and a beta of 0.62.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 22nd. Investors of record on Monday, October 19th were given a $0.1826 dividend. This is an increase from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.1767. The ex-dividend date of this dividend was Monday, October 19th. This represents a $2.19 annualized dividend and a dividend yield of 13.0%.

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

A number of institutional investors have recently added to or reduced their stakes in the company. TopTier Wealth Management LLC increased its stake in Global X Nasdaq 100 Covered Call ETF by 2.7% during the third quarter. TopTier Wealth Management LLC now owns 20,489 shares of the company’s stock worth $380,000 after acquiring an additional 542 shares during the last quarter. City Center Advisors LLC raised its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 1.7% in the 2nd quarter. City Center Advisors LLC now owns 32,146 shares of the company’s stock worth $592,000 after purchasing an additional 552 shares during the period. United Advisor Group LLC lifted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 3.9% in the 3rd quarter. United Advisor Group LLC now owns 17,425 shares of the company’s stock valued at $323,000 after purchasing an additional 662 shares in the last quarter. Apella Capital LLC lifted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 1.2% in the 3rd quarter. Apella Capital LLC now owns 57,783 shares of the company’s stock valued at $1,079,000 after purchasing an additional 701 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 1.4% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 56,782 shares of the company’s stock valued at $1,046,000 after purchasing an additional 777 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.