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

Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) hit a new 52-week high during trading on Tuesday . The company traded as high as $18.82 and last traded at $18.79, with a volume of 63317 shares trading hands. The stock had previously closed at $18.79.

Global X Nasdaq 100 Covered Call ETF Trading Up 0.2 %

The business’s 50-day moving average is $18.50 and its two-hundred day moving average is $18.15. The stock has a market capitalization of $8.91 billion, a PE ratio of 28.58 and a beta of 0.71.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 21st were issued a dividend of $0.1877 per share. The ex-dividend date of this dividend was Tuesday, January 21st.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning grew its holdings in Global X Nasdaq 100 Covered Call ETF by 25.5% during the 3rd quarter. Creative Planning now owns 36,446 shares of the company’s stock valued at $657,000 after purchasing an additional 7,406 shares in the last quarter. Raymond James & Associates increased its position in shares of Global X Nasdaq 100 Covered Call ETF by 28.9% during the third quarter. Raymond James & Associates now owns 1,646,710 shares of the company’s stock worth $29,707,000 after acquiring an additional 369,343 shares during the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of Global X Nasdaq 100 Covered Call ETF by 25.7% in the third quarter. Foundations Investment Advisors LLC now owns 42,676 shares of the company’s stock worth $770,000 after acquiring an additional 8,720 shares in the last quarter. Signaturefd LLC purchased a new position in Global X Nasdaq 100 Covered Call ETF in the third quarter valued at about $92,000. Finally, Global X Japan Co. Ltd. grew its stake in Global X Nasdaq 100 Covered Call ETF by 44.2% during the 3rd quarter. Global X Japan Co. Ltd. now owns 4,409,202 shares of the company’s stock valued at $79,542,000 after purchasing an additional 1,350,843 shares in 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.