Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Hits New 12-Month High – Should You Buy?

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLDGet Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $41.24 and last traded at $41.24, with a volume of 959732 shares changing hands. The stock had previously closed at $41.13.

Global X S&P 500 Covered Call ETF Trading Down 0.1%

The company has a market cap of $3.22 billion, a price-to-earnings ratio of 25.32 and a beta of 0.49. The firm has a 50-day moving average price of $40.67 and a 200 day moving average price of $40.43.

Institutional Trading of Global X S&P 500 Covered Call ETF

Several institutional investors have recently added to or reduced their stakes in XYLD. First Heartland Consultants Inc. lifted its position in Global X S&P 500 Covered Call ETF by 2.8% in the fourth quarter. First Heartland Consultants Inc. now owns 9,246 shares of the company’s stock worth $376,000 after purchasing an additional 248 shares during the period. IMG Wealth Management Inc. increased its position in shares of Global X S&P 500 Covered Call ETF by 11.3% during the 4th quarter. IMG Wealth Management Inc. now owns 2,926 shares of the company’s stock valued at $119,000 after purchasing an additional 297 shares during the period. Equitable Holdings Inc. raised its stake in shares of Global X S&P 500 Covered Call ETF by 3.3% in the 3rd quarter. Equitable Holdings Inc. now owns 11,627 shares of the company’s stock worth $456,000 after buying an additional 369 shares in the last quarter. Trilogy Capital Inc. raised its stake in shares of Global X S&P 500 Covered Call ETF by 5.2% in the 4th quarter. Trilogy Capital Inc. now owns 7,439 shares of the company’s stock worth $302,000 after buying an additional 371 shares in the last quarter. Finally, Blue Chip Partners LLC raised its stake in shares of Global X S&P 500 Covered Call ETF by 1.4% in the 2nd quarter. Blue Chip Partners LLC now owns 29,209 shares of the company’s stock worth $1,137,000 after buying an additional 409 shares in the last quarter.

Global X S&P 500 Covered Call ETF Company Profile

(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.

Further Reading

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