Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Sets New 52-Week High – Should You 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 $18.13 and last traded at $18.11, with a volume of 3046021 shares. The stock had previously closed at $18.12.

Global X Nasdaq 100 Covered Call ETF Price Performance

The firm’s 50-day moving average is $17.59 and its 200-day moving average is $17.59. The company has a market capitalization of $8.39 billion, a P/E ratio of 32.28 and a beta of 0.63.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 23rd. Investors of record on Monday, April 20th were given a dividend of $0.1789 per share. This is a positive change from Global X Nasdaq 100 Covered Call ETF’s previous dividend of $0.17. The ex-dividend date was Monday, April 20th.

Institutional Trading of Global X Nasdaq 100 Covered Call ETF

Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its position in Global X Nasdaq 100 Covered Call ETF by 286.3% during the fourth quarter. Russell Investments Group Ltd. now owns 1,491 shares of the company’s stock valued at $26,000 after buying an additional 1,105 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in Global X Nasdaq 100 Covered Call ETF during the third quarter valued at approximately $30,000. SHP Wealth Management bought a new stake in Global X Nasdaq 100 Covered Call ETF during the fourth quarter valued at approximately $31,000. Friedenthal Financial bought a new stake in Global X Nasdaq 100 Covered Call ETF during the fourth quarter valued at approximately $32,000. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 3rd quarter valued at about $35,000.

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.