Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Hits New 52-Week High – What’s Next?

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLDGet Free Report) hit a new 52-week high on Monday . The company traded as high as $43.12 and last traded at $43.12, with a volume of 296673 shares changing hands. The stock had previously closed at $43.00.

Global X S&P 500 Covered Call ETF Stock Performance

The company’s fifty day moving average price is $41.98 and its 200 day moving average price is $41.21. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 20.31 and a beta of 0.44.

Institutional Investors Weigh In On Global X S&P 500 Covered Call ETF

Several large investors have recently added to or reduced their stakes in the stock. Copley Financial Group Inc. acquired a new stake in Global X S&P 500 Covered Call ETF in the 3rd quarter valued at approximately $41,000. Concourse Financial Group Securities Inc. lifted its stake in shares of Global X S&P 500 Covered Call ETF by 121.3% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 1,328 shares of the company’s stock worth $54,000 after acquiring an additional 728 shares during the period. Chris Bulman Inc bought a new position in shares of Global X S&P 500 Covered Call ETF in the second quarter valued at approximately $92,000. CWM LLC raised its holdings in Global X S&P 500 Covered Call ETF by 12.2% during the third quarter. CWM LLC now owns 3,450 shares of the company’s stock worth $143,000 after purchasing an additional 375 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Global X S&P 500 Covered Call ETF in the third quarter worth approximately $201,000.

About Global X S&P 500 Covered Call ETF

(Get Free Report)

The Global X S&P 500 Covered Call ETF (XYLD) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 100% of each stock. XYLD was launched on Jun 24, 2013 and is managed by Global X.

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