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

Shares of Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) reached a new 52-week high on Wednesday . The company traded as high as $18.13 and last traded at $18.11, with a volume of 3046021 shares trading hands. The stock had previously closed at $18.12.

Global X Nasdaq 100 Covered Call ETF Stock Performance

The stock has a market capitalization of $8.39 billion, a PE ratio of 32.28 and a beta of 0.63. The stock has a 50-day moving average price of $17.59 and a two-hundred day moving average price of $17.59.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 23rd. Stockholders of record on Monday, April 20th were given a dividend of $0.1789 per share. The ex-dividend date of this dividend was Monday, April 20th. This is an increase from Global X Nasdaq 100 Covered Call ETF’s previous dividend of $0.17.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its position in shares of Global X Nasdaq 100 Covered Call ETF by 286.3% during the 4th quarter. Russell Investments Group Ltd. now owns 1,491 shares of the company’s stock valued at $26,000 after buying an additional 1,105 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 3rd quarter valued at about $30,000. SHP Wealth Management purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 4th quarter valued at about $31,000. Friedenthal Financial purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 4th quarter valued at about $32,000. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Global X Nasdaq 100 Covered Call ETF during the 3rd quarter valued at about $35,000.

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.