Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sets New 52-Week High – Here’s Why

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) reached a new 52-week high during trading on Monday . The company traded as high as $41.59 and last traded at $41.58, with a volume of 61565 shares changing hands. The stock had previously closed at $41.57.

Global X S&P 500 Covered Call ETF Price Performance

The stock has a market cap of $3.27 billion, a P/E ratio of 25.32 and a beta of 0.49. The stock has a fifty day simple moving average of $40.89 and a 200-day simple moving average of $40.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tactive Advisors LLC grew its holdings in Global X S&P 500 Covered Call ETF by 2.3% during the second quarter. Tactive Advisors LLC now owns 22,739 shares of the company’s stock valued at $928,000 after purchasing an additional 512 shares during the period. Sax Wealth Advisors LLC raised its holdings in Global X S&P 500 Covered Call ETF by 24.0% in the second quarter. Sax Wealth Advisors LLC now owns 16,315 shares of the company’s stock worth $638,000 after purchasing an additional 3,163 shares during the period. Grant Private Wealth Management Inc raised its holdings in Global X S&P 500 Covered Call ETF by 42.4% in the second quarter. Grant Private Wealth Management Inc now owns 14,480 shares of the company’s stock worth $591,000 after purchasing an additional 4,315 shares during the period. City Center Advisors LLC boosted its position in shares of Global X S&P 500 Covered Call ETF by 4.8% during the second quarter. City Center Advisors LLC now owns 15,561 shares of the company’s stock worth $635,000 after purchasing an additional 714 shares in the last quarter. Finally, Bangor Savings Bank boosted its position in shares of Global X S&P 500 Covered Call ETF by 7.5% during the second quarter. Bangor Savings Bank now owns 35,511 shares of the company’s stock worth $1,448,000 after purchasing an additional 2,465 shares in the last quarter.

Global X S&P 500 Covered Call ETF Company 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.