Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Stock Breaks Above Fifty Day Moving Average – Time to Sell?

Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD)’s share price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $18.41 and traded as high as $18.46. Global X Nasdaq 100 Covered Call ETF shares last traded at $18.45, with a volume of 5,687,422 shares traded.

Global X Nasdaq 100 Covered Call ETF Trading Up 0.4%

The company has a market cap of $8.44 billion, a price-to-earnings ratio of 32.28 and a beta of 0.61. The company’s 50 day moving average price is $18.41 and its 200 day moving average price is $17.96.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Monday, October 19th were paid a dividend of $0.1826 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 11.9%. This is a positive change from Global X Nasdaq 100 Covered Call ETF’s previous monthly dividend of $0.1767. The ex-dividend date was Monday, October 19th.

Institutional Investors Weigh In On Global X Nasdaq 100 Covered Call ETF

Hedge funds have recently added to or reduced their stakes in the company. TopTier Wealth Management LLC boosted its holdings in Global X Nasdaq 100 Covered Call ETF by 2.7% in the 3rd quarter. TopTier Wealth Management LLC now owns 20,489 shares of the company’s stock valued at $380,000 after purchasing an additional 542 shares in the last quarter. City Center Advisors LLC increased its position in Global X Nasdaq 100 Covered Call ETF by 1.7% during the 2nd quarter. City Center Advisors LLC now owns 32,146 shares of the company’s stock worth $592,000 after purchasing an additional 552 shares during the period. Columbia Advisory Partners LLC raised its stake in shares of Global X Nasdaq 100 Covered Call ETF by 6.0% during the 1st quarter. Columbia Advisory Partners LLC now owns 11,860 shares of the company’s stock worth $203,000 after buying an additional 668 shares in the last quarter. Apella Capital LLC raised its stake in shares of Global X Nasdaq 100 Covered Call ETF by 1.2% during the 3rd quarter. Apella Capital LLC now owns 57,783 shares of the company’s stock worth $1,079,000 after buying an additional 701 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its stake in shares of Global X Nasdaq 100 Covered Call ETF by 1.4% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 56,782 shares of the company’s stock worth $1,046,000 after buying an additional 777 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.