Horizon Wealth Management LLC Invests $249,000 in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

Horizon Wealth Management LLC purchased a new position in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,294 shares of the company’s stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Global X S&P 500 Covered Call ETF by 20.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,780 shares of the company’s stock worth $75,000 after acquiring an additional 305 shares during the period. Private Client Services LLC increased its position in Global X S&P 500 Covered Call ETF by 6.6% during the 1st quarter. Private Client Services LLC now owns 5,878 shares of the company’s stock worth $232,000 after purchasing an additional 366 shares in the last quarter. IFP Advisors Inc increased its position in Global X S&P 500 Covered Call ETF by 10.1% during the 4th quarter. IFP Advisors Inc now owns 4,075 shares of the company’s stock worth $171,000 after purchasing an additional 373 shares in the last quarter. Spire Wealth Management increased its position in Global X S&P 500 Covered Call ETF by 112.3% during the 4th quarter. Spire Wealth Management now owns 849 shares of the company’s stock worth $36,000 after purchasing an additional 449 shares in the last quarter. Finally, Snowden Capital Advisors LLC increased its position in Global X S&P 500 Covered Call ETF by 4.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 11,430 shares of the company’s stock worth $492,000 after purchasing an additional 499 shares in the last quarter.

Global X S&P 500 Covered Call ETF Price Performance

XYLD stock opened at $38.73 on Friday. The company has a 50 day simple moving average of $38.11 and a 200 day simple moving average of $40.52. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 24.17 and a beta of 0.54. Global X S&P 500 Covered Call ETF has a 1 year low of $34.53 and a 1 year high of $43.43.

Global X S&P 500 Covered Call ETF 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.