Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Hits New 1-Year High – Here’s Why

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $43.12 and last traded at $43.12, with a volume of 296673 shares. The stock had previously closed at $43.00.

Global X S&P 500 Covered Call ETF Price Performance

The stock has a market cap of $3.02 billion, a P/E ratio of 20.31 and a beta of 0.44. The firm’s 50-day moving average price is $41.92 and its 200-day moving average price is $41.17.

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

Large investors have recently bought and sold shares of the business. Copley Financial Group Inc. purchased a new position in Global X S&P 500 Covered Call ETF during the third quarter worth $41,000. World Investment Advisors LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF during the third quarter valued at $382,000. Sanctuary Advisors LLC boosted its stake in shares of Global X S&P 500 Covered Call ETF by 1.7% during the third quarter. Sanctuary Advisors LLC now owns 17,829 shares of the company’s stock valued at $748,000 after purchasing an additional 300 shares during the period. Arete Wealth Advisors LLC boosted its stake in shares of Global X S&P 500 Covered Call ETF by 3.0% during the third quarter. Arete Wealth Advisors LLC now owns 13,896 shares of the company’s stock valued at $576,000 after purchasing an additional 399 shares during the period. Finally, Sunbelt Securities Inc. boosted its stake in shares of Global X S&P 500 Covered Call ETF by 9.0% during the third quarter. Sunbelt Securities Inc. now owns 5,564 shares of the company’s stock valued at $231,000 after purchasing an additional 458 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.