Belpointe Asset Management LLC Reduces Stock Position in Global X S&P 500 Covered Call ETF $XYLD

Belpointe Asset Management LLC trimmed its holdings in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 67.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,734 shares of the company’s stock after selling 98,876 shares during the quarter. Belpointe Asset Management LLC owned 0.06% of Global X S&P 500 Covered Call ETF worth $1,820,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Opal Wealth Advisors LLC bought a new stake in Global X S&P 500 Covered Call ETF during the first quarter worth approximately $28,000. Spire Wealth Management increased its position in shares of Global X S&P 500 Covered Call ETF by 42.4% during the 1st 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 last quarter. IMG Wealth Management Inc. raised its holdings in Global X S&P 500 Covered Call ETF by 201.7% during the 1st quarter. IMG Wealth Management Inc. now owns 1,397 shares of the company’s stock valued at $55,000 after buying an additional 934 shares during the period. AdvisorNet Financial Inc lifted its position in 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 worth $74,000 after buying an additional 321 shares during the last quarter. Finally, NorthRock Partners LLC bought a new stake in Global X S&P 500 Covered Call ETF in the first quarter worth $99,000.

Global X S&P 500 Covered Call ETF Stock Up 0.2%

XYLD stock opened at $39.47 on Tuesday. Global X S&P 500 Covered Call ETF has a twelve month low of $34.53 and a twelve month high of $43.43. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 25.32 and a beta of 0.72. The firm’s fifty day simple moving average is $39.08 and its two-hundred day simple moving average is $38.72.

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.