Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Stock Price Up 0.3% – Still a Buy?

Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI)’s share price traded up 0.3% on Tuesday . The company traded as high as $16.02 and last traded at $16.02. 5,829 shares changed hands during trading, a decline of 30% from the average session volume of 8,278 shares. The stock had previously closed at $15.97.

Global X NASDAQ 100 Risk Managed Income ETF Stock Performance

The business has a 50 day moving average price of $16.02 and a 200-day moving average price of $15.95. The company has a market capitalization of $16.66 million, a price-to-earnings ratio of 33.04 and a beta of 0.37.

Global X NASDAQ 100 Risk Managed Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a dividend of $0.1617 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date was Tuesday, January 20th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Triumph Capital Management acquired a new stake in Global X NASDAQ 100 Risk Managed Income ETF in the third quarter worth $31,000. Armstrong Advisory Group Inc. bought a new position in shares of Global X NASDAQ 100 Risk Managed Income ETF during the 4th quarter worth about $32,000. Susquehanna International Group LLP grew its stake in shares of Global X NASDAQ 100 Risk Managed Income ETF by 51.2% in the 3rd quarter. Susquehanna International Group LLP now owns 27,752 shares of the company’s stock valued at $440,000 after buying an additional 9,397 shares during the period. Osaic Holdings Inc. increased its position in Global X NASDAQ 100 Risk Managed Income ETF by 88.2% in the 2nd quarter. Osaic Holdings Inc. now owns 24,796 shares of the company’s stock valued at $397,000 after buying an additional 11,619 shares in the last quarter. Finally, Tactive Advisors LLC raised its stake in Global X NASDAQ 100 Risk Managed Income ETF by 38.6% during the 3rd quarter. Tactive Advisors LLC now owns 47,723 shares of the company’s stock worth $756,000 after buying an additional 13,289 shares during the period.

Global X NASDAQ 100 Risk Managed Income ETF Company Profile

The Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that holds NASDAQ 100 stocks while employing an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. QRMI was launched on Aug 25, 2021 and is managed by Global X.