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:XYLD) hit a new 52-week high during trading 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 Up 0.5 %

The stock has a 50-day moving average of $41.98 and a 200 day moving average of $41.21. The stock has a market cap of $3.04 billion, a PE ratio of 20.31 and a beta of 0.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC boosted its stake in shares of Global X S&P 500 Covered Call ETF by 3.6% during the 3rd quarter. LPL Financial LLC now owns 3,213,625 shares of the company’s stock worth $133,365,000 after acquiring an additional 110,619 shares in the last quarter. Brookstone Capital Management grew its holdings in Global X S&P 500 Covered Call ETF by 3.8% in the third quarter. Brookstone Capital Management now owns 720,709 shares of the company’s stock valued at $29,909,000 after purchasing an additional 26,585 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Global X S&P 500 Covered Call ETF by 33.8% in the second quarter. Envestnet Asset Management Inc. now owns 538,183 shares of the company’s stock valued at $21,759,000 after buying an additional 135,930 shares in the last quarter. Raymond James & Associates boosted its position in shares of Global X S&P 500 Covered Call ETF by 9.8% in the 3rd quarter. Raymond James & Associates now owns 411,797 shares of the company’s stock worth $17,090,000 after buying an additional 36,620 shares in the last quarter. Finally, Principal Securities Inc. grew its stake in Global X S&P 500 Covered Call ETF by 3.0% in the 3rd quarter. Principal Securities Inc. now owns 408,501 shares of the company’s stock valued at $16,953,000 after acquiring an additional 11,755 shares during the last quarter.

About Global X S&P 500 Covered Call ETF

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.