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) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $41.24 and last traded at $41.24, with a volume of 959732 shares. The stock had previously closed at $41.13.

Global X S&P 500 Covered Call ETF Stock Performance

The business’s 50-day moving average price is $40.64 and its 200 day moving average price is $40.42. The stock has a market capitalization of $3.22 billion, a PE ratio of 25.32 and a beta of 0.49.

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

Several large investors have recently added to or reduced their stakes in the business. Morgan Stanley increased its stake in Global X S&P 500 Covered Call ETF by 2.0% in the 4th quarter. Morgan Stanley now owns 3,987,866 shares of the company’s stock worth $162,027,000 after acquiring an additional 76,631 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Global X S&P 500 Covered Call ETF by 2.0% during the 1st quarter. Bank of America Corp DE now owns 2,149,051 shares of the company’s stock valued at $84,092,000 after acquiring an additional 41,116 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Global X S&P 500 Covered Call ETF by 15.6% during the third quarter. Ameriprise Financial Inc. now owns 1,692,576 shares of the company’s stock worth $66,507,000 after purchasing an additional 229,004 shares in the last quarter. Brookstone Capital Management grew its holdings in shares of Global X S&P 500 Covered Call ETF by 5.9% during the first quarter. Brookstone Capital Management now owns 876,139 shares of the company’s stock worth $34,283,000 after purchasing an additional 48,936 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Global X S&P 500 Covered Call ETF by 1.6% in the first quarter. Cetera Investment Advisers now owns 476,548 shares of the company’s stock worth $18,647,000 after purchasing an additional 7,367 shares during 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.