Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Reaches New 52-Week High – Here’s What Happened

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) reached a new 52-week high during trading on Monday . The stock traded as high as $41.64 and last traded at $41.71, with a volume of 596 shares trading hands. The stock had previously closed at $41.64.

Global X S&P 500 Covered Call ETF Stock Up 0.2%

The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 25.32 and a beta of 0.49. The stock’s fifty day moving average price is $40.95 and its 200-day moving average price is $40.49.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tactive Advisors LLC lifted its position in Global X S&P 500 Covered Call ETF by 2.3% during the 2nd quarter. Tactive Advisors LLC now owns 22,739 shares of the company’s stock worth $928,000 after buying an additional 512 shares in the last quarter. Sax Wealth Advisors LLC boosted its stake in shares of Global X S&P 500 Covered Call ETF by 24.0% during the 2nd quarter. Sax Wealth Advisors LLC now owns 16,315 shares of the company’s stock worth $638,000 after buying an additional 3,163 shares during the last quarter. Grant Private Wealth Management Inc grew its holdings in shares of Global X S&P 500 Covered Call ETF by 42.4% in the 2nd quarter. Grant Private Wealth Management Inc now owns 14,480 shares of the company’s stock valued at $591,000 after acquiring an additional 4,315 shares in the last quarter. City Center Advisors LLC increased its position in shares of Global X S&P 500 Covered Call ETF by 4.8% in the second quarter. City Center Advisors LLC now owns 15,561 shares of the company’s stock valued at $635,000 after acquiring an additional 714 shares during the last quarter. Finally, Bangor Savings Bank increased its position in shares of Global X S&P 500 Covered Call ETF by 7.5% in the second quarter. Bangor Savings Bank now owns 35,511 shares of the company’s stock valued at $1,448,000 after acquiring an additional 2,465 shares during the last quarter.

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.