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

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) shares hit a new 52-week high on Monday. The company traded as high as $41.95 and last traded at $41.9450, with a volume of 316,054 shares changing hands. The stock had previously closed at $41.93.

Global X S&P 500 Covered Call ETF Stock Performance

The company has a market capitalization of $3.42 billion, a PE ratio of 25.32 and a beta of 0.49. The firm’s 50-day simple moving average is $41.60 and its 200-day simple moving average is $40.84.

Hedge Funds Weigh In On Global X S&P 500 Covered Call ETF

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in Global X S&P 500 Covered Call ETF by 2.0% in the first quarter. Bank of America Corp DE now owns 2,149,051 shares of the company’s stock worth $84,092,000 after acquiring an additional 41,116 shares during the period. Brookstone Capital Management increased its position in Global X S&P 500 Covered Call ETF by 5.9% during the 1st quarter. Brookstone Capital Management now owns 876,139 shares of the company’s stock valued at $34,283,000 after purchasing an additional 48,936 shares during the period. Envestnet Asset Management Inc. increased its position in Global X S&P 500 Covered Call ETF by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 646,091 shares of the company’s stock valued at $26,354,000 after purchasing an additional 53,056 shares during the period. Cetera Investment Advisers increased its position in Global X S&P 500 Covered Call ETF by 1.6% during the 1st quarter. Cetera Investment Advisers now owns 476,548 shares of the company’s stock valued at $18,647,000 after purchasing an additional 7,367 shares during the period. Finally, Sims Investment Management LLC increased its position in Global X S&P 500 Covered Call ETF by 3.4% during the 1st quarter. Sims Investment Management LLC now owns 426,982 shares of the company’s stock valued at $16,708,000 after purchasing an additional 14,166 shares during the period.

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.