NFP Retirement Inc. Cuts Position in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

NFP Retirement Inc. lowered its stake in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 14.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,353 shares of the company’s stock after selling 1,447 shares during the period. NFP Retirement Inc.’s holdings in Global X S&P 500 Covered Call ETF were worth $350,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Spire Wealth Management increased its position in shares of Global X S&P 500 Covered Call ETF by 112.3% in the fourth quarter. Spire Wealth Management now owns 849 shares of the company’s stock valued at $36,000 after buying an additional 449 shares in the last quarter. Copley Financial Group Inc. purchased a new position in Global X S&P 500 Covered Call ETF during the 3rd quarter valued at about $41,000. Murphy & Mullick Capital Management Corp acquired a new position in Global X S&P 500 Covered Call ETF during the fourth quarter worth about $59,000. Smartleaf Asset Management LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF in the fourth quarter valued at about $61,000. Finally, Cape Investment Advisory Inc. grew its position in shares of Global X S&P 500 Covered Call ETF by 731.5% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,663 shares of the company’s stock valued at $70,000 after purchasing an additional 1,463 shares during the last quarter.

Global X S&P 500 Covered Call ETF Price Performance

Shares of XYLD opened at $38.27 on Friday. Global X S&P 500 Covered Call ETF has a 1-year low of $34.53 and a 1-year high of $43.43. The firm has a 50 day simple moving average of $40.36 and a 200-day simple moving average of $41.45. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 24.75 and a beta of 0.56.

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.