Prevail Innovative Wealth Advisors LLC Has $5.39 Million Stock Position in Global X S&P 500 Covered Call ETF $XYLD

Prevail Innovative Wealth Advisors LLC increased its holdings in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 14.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,386 shares of the company’s stock after buying an additional 16,980 shares during the quarter. Global X S&P 500 Covered Call ETF accounts for approximately 1.0% of Prevail Innovative Wealth Advisors LLC’s holdings, making the stock its 24th biggest position. Prevail Innovative Wealth Advisors LLC owned approximately 0.18% of Global X S&P 500 Covered Call ETF worth $5,394,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in XYLD. Jane Street Group LLC bought a new stake in Global X S&P 500 Covered Call ETF in the first quarter worth $3,796,000. Y Intercept Hong Kong Ltd acquired a new stake in Global X S&P 500 Covered Call ETF during the second quarter worth about $403,000. Bank of Montreal Can raised its stake in shares of Global X S&P 500 Covered Call ETF by 4.0% in the second quarter. Bank of Montreal Can now owns 19,417 shares of the company’s stock valued at $756,000 after purchasing an additional 750 shares in the last quarter. Allworth Financial LP raised its stake in shares of Global X S&P 500 Covered Call ETF by 10.0% in the 2nd quarter. Allworth Financial LP now owns 6,845 shares of the company’s stock valued at $267,000 after buying an additional 623 shares in the last quarter. Finally, Verus Capital Partners LLC lifted its stake in Global X S&P 500 Covered Call ETF by 39.3% during the second quarter. Verus Capital Partners LLC now owns 50,016 shares of the company’s stock worth $1,948,000 after purchasing an additional 14,123 shares during the period.

Global X S&P 500 Covered Call ETF Stock Performance

Shares of NYSEARCA:XYLD opened at $40.18 on Friday. The company has a market capitalization of $3.13 billion, a PE ratio of 25.32 and a beta of 0.53. Global X S&P 500 Covered Call ETF has a 52 week low of $34.53 and a 52 week high of $41.10. The company’s fifty day moving average is $40.74 and its 200-day moving average is $40.07.

Global X S&P 500 Covered Call ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.3412 per share. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend was Monday, February 23rd.

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.