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

Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) reached a new 52-week high on Tuesday. The company traded as high as $18.66 and last traded at $18.66, with a volume of 3571096 shares. The stock had previously closed at $18.63.

Global X Nasdaq 100 Covered Call ETF Stock Performance

The firm’s 50-day moving average price is $18.30 and its two-hundred day moving average price is $18.00. The firm has a market cap of $8.54 billion, a PE ratio of 32.28 and a beta of 0.61.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, September 24th. Investors of record on Monday, September 21st were given a $0.1767 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 11.4%. This is a drop from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.1829. The ex-dividend date of this dividend was Monday, September 21st.

Hedge Funds Weigh In On Global X Nasdaq 100 Covered Call ETF

Several large investors have recently bought and sold shares of QYLD. LPL Financial LLC increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 2.8% during the fourth quarter. LPL Financial LLC now owns 11,586,603 shares of the company’s stock worth $204,735,000 after purchasing an additional 312,055 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Global X Nasdaq 100 Covered Call ETF by 0.7% in the 1st quarter. Bank of America Corp DE now owns 4,887,612 shares of the company’s stock valued at $83,823,000 after purchasing an additional 34,751 shares during the period. Foguth Wealth Management LLC. boosted its position in shares of Global X Nasdaq 100 Covered Call ETF by 67.4% in the 1st quarter. Foguth Wealth Management LLC. now owns 2,083,167 shares of the company’s stock valued at $37,664,000 after purchasing an additional 838,503 shares during the period. Brookstone Capital Management grew its stake in Global X Nasdaq 100 Covered Call ETF by 3.7% during the 1st quarter. Brookstone Capital Management now owns 1,386,882 shares of the company’s stock worth $23,785,000 after buying an additional 49,189 shares during the last quarter. Finally, IMC Chicago LLC grew its stake in Global X Nasdaq 100 Covered Call ETF by 469.0% during the 1st quarter. IMC Chicago LLC now owns 1,295,978 shares of the company’s stock worth $22,226,000 after buying an additional 1,068,210 shares during the last quarter.

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.