Iron Horse Wealth Management LLC Decreases Stock Position in Global X S&P 500 Covered Call ETF $XYLD

Iron Horse Wealth Management LLC cut its holdings in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 4.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,974 shares of the company’s stock after selling 721 shares during the quarter. Global X S&P 500 Covered Call ETF comprises 0.2% of Iron Horse Wealth Management LLC’s holdings, making the stock its 27th largest position. Iron Horse Wealth Management LLC’s holdings in Global X S&P 500 Covered Call ETF were worth $583,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ferguson Shapiro LLC raised its stake in Global X S&P 500 Covered Call ETF by 5.5% in the first quarter. Ferguson Shapiro LLC now owns 5,089 shares of the company’s stock valued at $201,000 after buying an additional 266 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Global X S&P 500 Covered Call ETF by 6.8% in the first quarter. IFP Advisors Inc now owns 4,352 shares of the company’s stock valued at $172,000 after purchasing an additional 277 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of Global X S&P 500 Covered Call ETF by 5.2% in the first quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,412 shares of the company’s stock valued at $253,000 after purchasing an additional 316 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of Global X S&P 500 Covered Call ETF by 20.4% in the second quarter. AdvisorNet Financial Inc now owns 1,894 shares of the company’s stock valued at $74,000 after purchasing an additional 321 shares during the period. Finally, Spire Wealth Management increased its holdings in shares of Global X S&P 500 Covered Call ETF by 42.4% in the first quarter. Spire Wealth Management now owns 1,209 shares of the company’s stock valued at $48,000 after purchasing an additional 360 shares during the period.

Global X S&P 500 Covered Call ETF Stock Performance

Shares of XYLD stock opened at $39.39 on Friday. The stock’s 50-day simple moving average is $39.07 and its 200-day simple moving average is $38.74. The firm has a market capitalization of $3.08 billion, a PE ratio of 25.32 and a beta of 0.72. Global X S&P 500 Covered Call ETF has a fifty-two week low of $34.53 and a fifty-two week high of $43.43.

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.