Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Reaches New 12-Month High – Still a Buy?

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $18.58 and last traded at $18.5750, with a volume of 230623 shares trading hands. The stock had previously closed at $18.55.

Global X Nasdaq 100 Covered Call ETF Stock Performance

The company has a market capitalization of $8.52 billion, a P/E ratio of 32.28 and a beta of 0.62. The stock has a 50 day moving average price of $18.17 and a 200 day moving average price of $17.96.

Global X Nasdaq 100 Covered Call ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, September 24th. Investors of record on Monday, September 21st were given a dividend of $0.1767 per share. The ex-dividend date was Monday, September 21st. This is a decrease from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.1829. This represents a $2.12 annualized dividend and a yield of 11.4%.

Institutional Trading of Global X Nasdaq 100 Covered Call ETF

Several hedge funds have recently added to or reduced their stakes in the stock. IMC Chicago LLC boosted its holdings in shares of Global X Nasdaq 100 Covered Call ETF by 469.0% in the first quarter. IMC Chicago LLC now owns 1,295,978 shares of the company’s stock worth $22,226,000 after acquiring an additional 1,068,210 shares during the period. Foguth Wealth Management LLC. raised its stake in shares of Global X Nasdaq 100 Covered Call ETF by 67.4% during the 1st quarter. Foguth Wealth Management LLC. now owns 2,083,167 shares of the company’s stock valued at $37,664,000 after purchasing an additional 838,503 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Global X Nasdaq 100 Covered Call ETF during the 2nd quarter valued at $12,233,000. LPL Financial LLC lifted its holdings in Global X Nasdaq 100 Covered Call ETF by 2.8% during the 4th quarter. LPL Financial LLC now owns 11,586,603 shares of the company’s stock worth $204,735,000 after purchasing an additional 312,055 shares in the last quarter. Finally, SOL Capital Management CO purchased a new stake in Global X Nasdaq 100 Covered Call ETF during the 1st quarter worth about $4,519,000.

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.