Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Sets New 52-Week High – Still a Buy?

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) hit a new 52-week high during trading on Wednesday . The stock traded as high as $18.40 and last traded at $18.40, with a volume of 430498 shares. The stock had previously closed at $18.21.

Global X Nasdaq 100 Covered Call ETF Price Performance

The stock has a market cap of $8.35 billion, a P/E ratio of 28.58 and a beta of 0.71. The business’s fifty day moving average price is $18.02 and its 200 day moving average price is $17.74.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, October 21st were paid a dividend of $0.183 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 11.86%. The ex-dividend date of this dividend was Monday, October 21st. This is a boost from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Rockport Wealth LLC grew its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 0.9% during the second quarter. Rockport Wealth LLC now owns 65,481 shares of the company’s stock worth $1,157,000 after purchasing an additional 561 shares during the last quarter. First Heartland Consultants Inc. grew its holdings in Global X Nasdaq 100 Covered Call ETF by 3.7% during the 3rd quarter. First Heartland Consultants Inc. now owns 15,777 shares of the company’s stock worth $285,000 after acquiring an additional 567 shares during the last quarter. Prospect Financial Services LLC grew its holdings in Global X Nasdaq 100 Covered Call ETF by 3.5% during the 2nd quarter. Prospect Financial Services LLC now owns 18,581 shares of the company’s stock worth $328,000 after acquiring an additional 623 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Global X Nasdaq 100 Covered Call ETF by 4.6% during the second quarter. Sunbelt Securities Inc. now owns 16,013 shares of the company’s stock valued at $283,000 after acquiring an additional 703 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 1.4% during the third quarter. Signature Estate & Investment Advisors LLC now owns 54,617 shares of the company’s stock worth $985,000 after purchasing an additional 731 shares during the period.

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.