Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) Reaches New 52-Week High – Here’s Why

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

Global X Nasdaq 100 Covered Call ETF Price Performance

The business has a 50 day moving average of $17.61 and a 200 day moving average of $17.60. The company has a market cap of $8.39 billion, a PE ratio of 32.28 and a beta of 0.63.

Global X Nasdaq 100 Covered Call ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 23rd. Investors of record on Monday, April 20th were paid a $0.1789 dividend. The ex-dividend date of this dividend was Monday, April 20th. This is a positive change from Global X Nasdaq 100 Covered Call ETF’s previous dividend of $0.17.

Institutional Trading of Global X Nasdaq 100 Covered Call ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its stake in Global X Nasdaq 100 Covered Call ETF by 2.8% in the fourth quarter. LPL Financial LLC now owns 11,586,603 shares of the company’s stock worth $204,735,000 after acquiring an additional 312,055 shares during the period. Ameriprise Financial Inc. lifted its stake in Global X Nasdaq 100 Covered Call ETF by 22.1% in the second quarter. Ameriprise Financial Inc. now owns 3,161,576 shares of the company’s stock worth $52,883,000 after acquiring an additional 571,203 shares during the period. Royal Bank of Canada lifted its stake in Global X Nasdaq 100 Covered Call ETF by 2.5% in the fourth quarter. Royal Bank of Canada now owns 1,785,168 shares of the company’s stock worth $31,544,000 after acquiring an additional 43,333 shares during the period. Brookstone Capital Management lifted its stake in Global X Nasdaq 100 Covered Call ETF by 3.7% in the first quarter. Brookstone Capital Management now owns 1,386,882 shares of the company’s stock worth $23,785,000 after acquiring an additional 49,189 shares during the period. Finally, IMC Chicago LLC lifted its stake in 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.

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.