Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Trading 0.1% Higher – Time to Buy?

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI)’s share price traded up 0.1% during mid-day trading on Friday . The company traded as high as $16.05 and last traded at $16.0290. 5,056 shares were traded during trading, a decline of 39% from the average session volume of 8,274 shares. The stock had previously closed at $16.01.

Global X NASDAQ 100 Risk Managed Income ETF Price Performance

The stock’s fifty day moving average price is $16.01 and its 200-day moving average price is $15.96. The firm has a market cap of $17.15 million, a PE ratio of 33.04 and a beta of 0.37.

Global X NASDAQ 100 Risk Managed Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 24th were issued a $0.1595 dividend. The ex-dividend date was Monday, November 24th. This represents a c) dividend on an annualized basis and a yield of 11.9%.

Institutional Investors Weigh In On Global X NASDAQ 100 Risk Managed Income ETF

Large investors have recently made changes to their positions in the stock. Arete Wealth Advisors LLC increased its holdings in shares of Global X NASDAQ 100 Risk Managed Income ETF by 11.6% during the 1st quarter. Arete Wealth Advisors LLC now owns 38,880 shares of the company’s stock worth $647,000 after buying an additional 4,034 shares during the last quarter. Tactive Advisors LLC acquired a new position in Global X NASDAQ 100 Risk Managed Income ETF in the 2nd quarter valued at about $552,000. Osaic Holdings Inc. increased its stake in Global X NASDAQ 100 Risk Managed Income ETF by 88.2% during the second quarter. Osaic Holdings Inc. now owns 24,796 shares of the company’s stock worth $397,000 after purchasing an additional 11,619 shares during the period. Susquehanna International Group LLP lifted its position in shares of Global X NASDAQ 100 Risk Managed Income ETF by 51.2% during the third quarter. Susquehanna International Group LLP now owns 27,752 shares of the company’s stock worth $440,000 after purchasing an additional 9,397 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of Global X NASDAQ 100 Risk Managed Income ETF during the third quarter worth about $31,000.

Global X NASDAQ 100 Risk Managed Income ETF Company Profile

The Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that holds NASDAQ 100 stocks while employing an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis.