Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Nasdaq 100 Covered Call & Growth ETF (NASDAQ:QYLG) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $28.77 and traded as high as $29.05. Nasdaq 100 Covered Call & Growth ETF shares last traded at $28.85, with a volume of 41,723 shares.

Nasdaq 100 Covered Call & Growth ETF Price Performance

The company’s fifty day moving average price is $29.76 and its 200 day moving average price is $28.77. The company has a market cap of $185.51 million, a PE ratio of 26.38 and a beta of 0.92.

Nasdaq 100 Covered Call & Growth ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 22nd. Investors of record on Monday, October 19th were issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 7.1%. This is a boost from Nasdaq 100 Covered Call & Growth ETF’s previous monthly dividend of $0.1398. The ex-dividend date was Monday, October 19th.

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

Institutional investors have recently added to or reduced their stakes in the company. Harbour Investments Inc. purchased a new stake in Nasdaq 100 Covered Call & Growth ETF in the 3rd quarter valued at about $51,000. Farther Finance Advisors LLC boosted its stake in shares of Nasdaq 100 Covered Call & Growth ETF by 536.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 32,220 shares of the company’s stock worth $980,000 after buying an additional 27,161 shares during the last quarter. Finally, Oarsman Capital Inc. purchased a new position in shares of Nasdaq 100 Covered Call & Growth ETF in the 2nd quarter worth approximately $1,136,000.

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.