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

Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $18.56 and last traded at $18.54, with a volume of 546637 shares. The stock had previously closed at $18.54.

Global X Nasdaq 100 Covered Call ETF Stock Performance

The company has a market capitalization of $8.37 billion, a PE ratio of 28.58 and a beta of 0.71. The firm has a fifty day simple moving average of $18.04 and a 200-day simple moving average of $17.76.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, October 28th. Investors of record on Monday, October 21st were given a dividend of $0.183 per share. The ex-dividend date was Monday, October 21st. This represents a $2.20 dividend on an annualized basis and a yield of 11.84%. This is a positive change from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QYLD. Rockport Wealth LLC raised its stake in Global X Nasdaq 100 Covered Call ETF by 0.9% during the 2nd quarter. Rockport Wealth LLC now owns 65,481 shares of the company’s stock valued at $1,157,000 after acquiring an additional 561 shares in the last quarter. First Heartland Consultants Inc. raised its stake 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 valued at $285,000 after acquiring an additional 567 shares in the last quarter. Prospect Financial Services LLC raised its stake 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 valued at $328,000 after acquiring an additional 623 shares in the last quarter. Sunbelt Securities Inc. raised its stake in 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 acquiring an additional 703 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its stake in Global X Nasdaq 100 Covered Call ETF by 1.4% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 54,617 shares of the company’s stock valued at $985,000 after acquiring an additional 731 shares in the last quarter.

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.