Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Reaches New 52-Week High – Should You Buy?

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $41.80 and last traded at $41.8050, with a volume of 119952 shares. The stock had previously closed at $41.73.

Global X S&P 500 Covered Call ETF Price Performance

The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 25.32 and a beta of 0.49. The stock’s 50-day moving average is $41.52 and its 200 day moving average is $40.75.

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

A number of large investors have recently modified their holdings of the business. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF in the first quarter valued at approximately $49,000. Ascentis Independent Advisors purchased a new position in Global X S&P 500 Covered Call ETF in the first quarter worth $64,000. Robinswood Financial LLC purchased a new position in Global X S&P 500 Covered Call ETF in the first quarter worth $123,000. IMG Wealth Management Inc. raised its position in Global X S&P 500 Covered Call ETF by 32.1% in the first quarter. IMG Wealth Management Inc. now owns 3,865 shares of the company’s stock worth $151,000 after acquiring an additional 939 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in Global X S&P 500 Covered Call ETF by 23.5% in the second quarter. Allworth Financial LP now owns 4,679 shares of the company’s stock valued at $191,000 after acquiring an additional 891 shares during the period.

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.