Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Hits New 12-Month High – Here’s Why

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $42.20 and last traded at $42.19, with a volume of 22688 shares. The stock had previously closed at $42.19.

Global X S&P 500 Covered Call ETF Price Performance

The company has a 50 day simple moving average of $41.44 and a 200-day simple moving average of $40.76. The stock has a market capitalization of $2.95 billion, a P/E ratio of 20.31 and a beta of 0.44.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XYLD. Envestnet Portfolio Solutions Inc. boosted its holdings in Global X S&P 500 Covered Call ETF by 22.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,524 shares of the company’s stock valued at $307,000 after acquiring an additional 1,384 shares during the period. Avantax Advisory Services Inc. grew its holdings in Global X S&P 500 Covered Call ETF by 53.5% during the first quarter. Avantax Advisory Services Inc. now owns 147,299 shares of the company’s stock valued at $6,008,000 after purchasing an additional 51,340 shares during the period. Kingsview Wealth Management LLC boosted its holdings in Global X S&P 500 Covered Call ETF by 5.8% in the 1st quarter. Kingsview Wealth Management LLC now owns 12,299 shares of the company’s stock worth $502,000 after buying an additional 670 shares during the period. Blair William & Co. IL boosted its holdings in shares of Global X S&P 500 Covered Call ETF by 9.4% during the 1st quarter. Blair William & Co. IL now owns 10,760 shares of the company’s stock valued at $439,000 after purchasing an additional 921 shares during the last quarter. Finally, MAS Advisors LLC lifted its holdings in shares of Global X S&P 500 Covered Call ETF by 16.4% in the 1st quarter. MAS Advisors LLC now owns 39,447 shares of the company’s stock worth $1,609,000 after acquiring an additional 5,566 shares during the last quarter.

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.