Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Reaches New 1-Year High – Should You Buy?

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $18.79 and last traded at $18.78, with a volume of 349755 shares trading hands. The stock had previously closed at $18.78.

Global X Nasdaq 100 Covered Call ETF Trading Up 0.1 %

The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 28.58 and a beta of 0.71. The firm has a 50-day moving average of $18.29 and a 200 day moving average of $17.93.

Global X Nasdaq 100 Covered Call ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a dividend of $0.1804 per share. The ex-dividend date of this dividend was Monday, November 18th.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Rockport Wealth LLC lifted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 0.9% in the second quarter. Rockport Wealth LLC now owns 65,481 shares of the company’s stock worth $1,157,000 after acquiring an additional 561 shares in the last quarter. First Heartland Consultants Inc. raised its position in shares of Global X Nasdaq 100 Covered Call ETF by 3.7% in the 3rd quarter. First Heartland Consultants Inc. now owns 15,777 shares of the company’s stock valued at $285,000 after purchasing an additional 567 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 4.6% during the 2nd quarter. Sunbelt Securities Inc. now owns 16,013 shares of the company’s stock valued at $283,000 after buying an additional 703 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position 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 buying an additional 731 shares in the last quarter. Finally, Retirement Financial Solutions LLC increased its stake in shares of Global X Nasdaq 100 Covered Call ETF by 1.8% in the third quarter. Retirement Financial Solutions LLC now owns 40,518 shares of the company’s stock worth $731,000 after buying an additional 732 shares during the last quarter.

Global X Nasdaq 100 Covered Call ETF Company Profile

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.