Verus Capital Partners LLC Cuts Stock Holdings in Global X S&P 500 Covered Call ETF $XYLD

Verus Capital Partners LLC trimmed its holdings in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 41.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,714 shares of the company’s stock after selling 24,405 shares during the period. Verus Capital Partners LLC’s holdings in Global X S&P 500 Covered Call ETF were worth $1,410,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Sumitomo Life Insurance Co. bought a new position in shares of Global X S&P 500 Covered Call ETF during the third quarter valued at about $67,135,000. Ameriprise Financial Inc. lifted its holdings in Global X S&P 500 Covered Call ETF by 15.6% in the third quarter. Ameriprise Financial Inc. now owns 1,692,576 shares of the company’s stock worth $66,507,000 after buying an additional 229,004 shares during the period. Brookstone Capital Management increased its stake in shares of Global X S&P 500 Covered Call ETF by 2.2% during the fourth quarter. Brookstone Capital Management now owns 827,203 shares of the company’s stock valued at $33,609,000 after purchasing an additional 17,545 shares in the last quarter. Sims Investment Management LLC increased its stake in shares of Global X S&P 500 Covered Call ETF by 1.5% during the fourth quarter. Sims Investment Management LLC now owns 412,816 shares of the company’s stock valued at $16,773,000 after purchasing an additional 6,200 shares in the last quarter. Finally, First Foundation Advisors increased its stake in shares of Global X S&P 500 Covered Call ETF by 24.8% during the third quarter. First Foundation Advisors now owns 260,958 shares of the company’s stock valued at $10,245,000 after purchasing an additional 51,833 shares in the last quarter.

Global X S&P 500 Covered Call ETF Stock Performance

Shares of NYSEARCA XYLD opened at $40.80 on Friday. Global X S&P 500 Covered Call ETF has a fifty-two week low of $38.22 and a fifty-two week high of $41.10. The company has a 50 day simple moving average of $40.06 and a two-hundred day simple moving average of $40.35. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 25.32 and a beta of 0.50.

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.