Global X NASDAQ 100 Risk Managed Income ETF (NASDAQ:QRMI) Trading 0.3% Higher – Time to Buy?

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

Global X NASDAQ 100 Risk Managed Income ETF Stock Up 0.3%

The business has a 50-day moving average price of $16.02 and a two-hundred 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 disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were paid a $0.1617 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend was Tuesday, January 20th.

Institutional Investors Weigh In On Global X NASDAQ 100 Risk Managed Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in QRMI. Tactive Advisors LLC lifted its position in Global X NASDAQ 100 Risk Managed Income ETF by 38.6% in the 3rd quarter. Tactive Advisors LLC now owns 47,723 shares of the company’s stock valued at $756,000 after acquiring an additional 13,289 shares in the last quarter. Susquehanna International Group LLP increased its holdings in Global X NASDAQ 100 Risk Managed Income ETF by 51.2% during the 3rd quarter. Susquehanna International Group LLP now owns 27,752 shares of the company’s stock worth $440,000 after purchasing an additional 9,397 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Global X NASDAQ 100 Risk Managed Income ETF by 88.2% in the second quarter. Osaic Holdings Inc. now owns 24,796 shares of the company’s stock worth $397,000 after purchasing an additional 11,619 shares during the last quarter. Armstrong Advisory Group Inc. bought a new position in shares of Global X NASDAQ 100 Risk Managed Income ETF in the fourth quarter valued at approximately $32,000. Finally, Triumph Capital Management purchased a new position in shares of Global X NASDAQ 100 Risk Managed Income ETF during the third quarter valued at approximately $31,000.

About Global X NASDAQ 100 Risk Managed Income ETF

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.