Valeo Financial Advisors LLC Makes New $707,000 Investment in Global X S&P 500 Covered Call ETF $XYLD

Valeo Financial Advisors LLC purchased a new position in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,000 shares of the company’s stock, valued at approximately $707,000.

Several other hedge funds and other institutional investors have also made changes to their positions in XYLD. MGB Wealth Management LLC acquired a new position in shares of Global X S&P 500 Covered Call ETF during the second quarter worth about $26,000. GHP Investment Advisors Inc. purchased a new position in Global X S&P 500 Covered Call ETF in the second quarter worth approximately $34,000. Farther Finance Advisors LLC acquired a new position in Global X S&P 500 Covered Call ETF during the 3rd quarter worth approximately $58,000. EP Wealth Advisors LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF in the 2nd quarter valued at approximately $100,000. Finally, IMG Wealth Management Inc. raised its holdings in shares of Global X S&P 500 Covered Call ETF by 89.0% in the 2nd quarter. IMG Wealth Management Inc. now owns 2,640 shares of the company’s stock valued at $103,000 after purchasing an additional 1,243 shares in the last quarter.

Global X S&P 500 Covered Call ETF Price Performance

Shares of NYSEARCA XYLD opened at $40.74 on Friday. The business has a 50-day moving average of $40.62 and a two-hundred day moving average of $39.76. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 25.32 and a beta of 0.53. Global X S&P 500 Covered Call ETF has a 1 year low of $34.53 and a 1 year high of $42.92.

Global X S&P 500 Covered Call ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a $0.3597 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This is an increase from Global X S&P 500 Covered Call ETF’s previous monthly dividend of $0.33. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%.

Global X S&P 500 Covered Call ETF Company Profile

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.