IMG Wealth Management Inc. Grows Stake in Global X S&P 500 Covered Call ETF $XYLD

IMG Wealth Management Inc. lifted its position in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 89.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,640 shares of the company’s stock after buying an additional 1,243 shares during the period. IMG Wealth Management Inc.’s holdings in Global X S&P 500 Covered Call ETF were worth $103,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in XYLD. Wealth Enhancement Advisory Services LLC grew its position in Global X S&P 500 Covered Call ETF by 11.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 43,675 shares of the company’s stock worth $1,725,000 after buying an additional 4,443 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Global X S&P 500 Covered Call ETF by 5.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 18,242 shares of the company’s stock valued at $720,000 after acquiring an additional 941 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Global X S&P 500 Covered Call ETF by 5.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 231,503 shares of the company’s stock worth $9,142,000 after purchasing an additional 11,463 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Global X S&P 500 Covered Call ETF by 13.6% during the first quarter. Oppenheimer & Co. Inc. now owns 8,162 shares of the company’s stock worth $322,000 after purchasing an additional 975 shares in the last quarter. Finally, Cornerstone Wealth Group LLC bought a new position in shares of Global X S&P 500 Covered Call ETF in the first quarter worth approximately $267,000.

Global X S&P 500 Covered Call ETF Price Performance

Shares of XYLD opened at $39.62 on Tuesday. 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 company has a market capitalization of $3.03 billion, a P/E ratio of 25.32 and a beta of 0.72. The firm’s 50 day simple moving average is $39.18 and its 200 day simple moving average is $38.74.

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.