Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Sets New 1-Year High – Time to Buy?

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)’s share price hit a new 52-week high on Thursday . The company traded as high as $18.54 and last traded at $18.52, with a volume of 5313018 shares traded. The stock had previously closed at $18.30.

Global X Nasdaq 100 Covered Call ETF Trading Up 1.2%

The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 32.28 and a beta of 0.62. The stock has a 50-day moving average price of $18.09 and a 200 day moving average price of $17.90.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 24th were paid a dividend of $0.1829 per share. This is an increase from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date of this dividend was Monday, August 24th.

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

Several institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in Global X Nasdaq 100 Covered Call ETF by 0.5% during the 2nd quarter. NewEdge Advisors LLC now owns 367,192 shares of the company’s stock worth $6,767,000 after buying an additional 1,705 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 2.4% in the second quarter. IFP Advisors Inc now owns 35,684 shares of the company’s stock worth $658,000 after acquiring an additional 825 shares during the last quarter. Hyundai Investments Co. Ltd. boosted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 48.6% in the second quarter. Hyundai Investments Co. Ltd. now owns 32,140 shares of the company’s stock worth $586,000 after acquiring an additional 10,511 shares during the last quarter. Ameritas Advisory Services LLC increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 44.0% during the second quarter. Ameritas Advisory Services LLC now owns 183,887 shares of the company’s stock worth $3,389,000 after purchasing an additional 56,163 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new position in Global X Nasdaq 100 Covered Call ETF in the 2nd quarter valued at $684,000.

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.