Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) to Issue Monthly Dividend of $2.78

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) announced a monthly dividend on Monday, December 29th. Stockholders of record on Tuesday, December 30th will be given a dividend of 2.7779 per share on Wednesday, January 7th. This represents a c) annualized dividend and a dividend yield of 121.6%. The ex-dividend date is Tuesday, December 30th. This is a 1,617.9% increase from Nasdaq 100 Covered Call & Growth ETF’s previous monthly dividend of $0.16.

Nasdaq 100 Covered Call & Growth ETF Price Performance

Shares of NASDAQ QYLG opened at $27.41 on Tuesday. The stock has a fifty day moving average price of $30.00 and a 200 day moving average price of $29.00. Nasdaq 100 Covered Call & Growth ETF has a 1-year low of $22.15 and a 1-year high of $30.55. The company has a market cap of $111.56 million, a PE ratio of 33.07 and a beta of 0.89.

Hedge Funds Weigh In On Nasdaq 100 Covered Call & Growth ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its holdings in shares of Nasdaq 100 Covered Call & Growth ETF by 133.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,381 shares of the company’s stock valued at $150,000 after buying an additional 3,073 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of Nasdaq 100 Covered Call & Growth ETF by 15.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 9,742 shares of the company’s stock worth $271,000 after buying an additional 1,336 shares in the last quarter. Finally, Triumph Capital Management grew its position in shares of Nasdaq 100 Covered Call & Growth ETF by 4.6% in the third quarter. Triumph Capital Management now owns 16,299 shares of the company’s stock valued at $478,000 after purchasing an additional 723 shares during the last quarter.

About Nasdaq 100 Covered Call & Growth ETF

The Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is an exchange-traded fund that is based on the Cboe Nasdaq 100 Half BuyWrite V2 index. The fund tracks an index that holds Nasdaq 100 stocks and sells call options on half the value of those stocks, to collect the premiums and allow for growth. QYLG was launched on Sep 18, 2020 and is managed by Global X.