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

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $41.64 and last traded at $41.71, with a volume of 596 shares. The stock had previously closed at $41.64.

Global X S&P 500 Covered Call ETF Stock Up 0.2%

The business has a fifty day moving average of $40.95 and a 200 day moving average of $40.49. The firm has a market cap of $3.28 billion, a P/E ratio of 25.32 and a beta of 0.49.

Institutional Investors Weigh In On Global X S&P 500 Covered Call ETF

Hedge funds have recently modified their holdings of the business. Tactive Advisors LLC boosted its holdings in shares of Global X S&P 500 Covered Call ETF by 2.3% in the second quarter. Tactive Advisors LLC now owns 22,739 shares of the company’s stock valued at $928,000 after buying an additional 512 shares during the period. Sax Wealth Advisors LLC increased its holdings in Global X S&P 500 Covered Call ETF by 24.0% during the 2nd quarter. Sax Wealth Advisors LLC now owns 16,315 shares of the company’s stock worth $638,000 after purchasing an additional 3,163 shares in the last quarter. Grant Private Wealth Management Inc raised its stake in shares of Global X S&P 500 Covered Call ETF by 42.4% in the 2nd quarter. Grant Private Wealth Management Inc now owns 14,480 shares of the company’s stock valued at $591,000 after purchasing an additional 4,315 shares during the period. City Center Advisors LLC raised its stake in shares of Global X S&P 500 Covered Call ETF by 4.8% in the 2nd quarter. City Center Advisors LLC now owns 15,561 shares of the company’s stock valued at $635,000 after purchasing an additional 714 shares during the period. Finally, Bangor Savings Bank lifted its holdings in shares of Global X S&P 500 Covered Call ETF by 7.5% in the second quarter. Bangor Savings Bank now owns 35,511 shares of the company’s stock valued at $1,448,000 after purchasing an additional 2,465 shares in the last quarter.

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.