Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sets New 1-Year High – Still a Buy?

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLDGet Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $42.34 and last traded at $42.33, with a volume of 92899 shares trading hands. The stock had previously closed at $42.32.

Global X S&P 500 Covered Call ETF Stock Performance

The company’s 50 day simple moving average is $41.83 and its 200-day simple moving average is $41.06. The firm has a market capitalization of $2.97 billion, a PE ratio of 20.31 and a beta of 0.44.

Institutional Trading of Global X S&P 500 Covered Call ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Copley Financial Group Inc. purchased a new stake in shares of Global X S&P 500 Covered Call ETF during the third quarter valued at approximately $41,000. Concourse Financial Group Securities Inc. raised its position in shares of Global X S&P 500 Covered Call ETF by 121.3% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 1,328 shares of the company’s stock worth $54,000 after acquiring an additional 728 shares in the last quarter. Chris Bulman Inc purchased a new position in shares of Global X S&P 500 Covered Call ETF in the 2nd quarter valued at approximately $92,000. ORG Partners LLC bought a new stake in shares of Global X S&P 500 Covered Call ETF during the second quarter valued at approximately $119,000. Finally, CWM LLC grew its stake in Global X S&P 500 Covered Call ETF by 31.9% in the second quarter. CWM LLC now owns 3,075 shares of the company’s stock worth $124,000 after purchasing an additional 744 shares during the period.

About Global X S&P 500 Covered Call ETF

(Get Free Report)

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.

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