Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Stock Price Up 1.3% – Still a Buy?

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG)’s share price rose 1.3% during trading on Friday . The company traded as high as $28.19 and last traded at $28.10. Approximately 34,656 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 46,664 shares. The stock had previously closed at $27.75.

Nasdaq 100 Covered Call & Growth ETF Trading Up 1.3%

The firm’s 50-day simple moving average is $26.77 and its two-hundred day simple moving average is $28.31. The stock has a market capitalization of $139.38 million, a PE ratio of 33.07 and a beta of 0.89.

Nasdaq 100 Covered Call & Growth ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 26th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.1837 per share. This is a positive change from Nasdaq 100 Covered Call & Growth ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Monday, March 23rd.

Institutional Investors Weigh In On Nasdaq 100 Covered Call & Growth ETF

An institutional investor recently raised its position in Nasdaq 100 Covered Call & Growth ETF stock. Triumph Capital Management raised its holdings in shares of Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,299 shares of the company’s stock after acquiring an additional 723 shares during the quarter. Triumph Capital Management owned approximately 0.40% of Nasdaq 100 Covered Call & Growth ETF worth $478,000 at the end of the most recent quarter.

Nasdaq 100 Covered Call & Growth ETF Company Profile

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.