MOR Wealth Management LLC Makes New Investment in Global X S&P 500 Covered Call ETF $XYLD

MOR Wealth Management LLC purchased a new stake in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,345 shares of the company’s stock, valued at approximately $542,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. TrueMark Investments LLC bought a new stake in Global X S&P 500 Covered Call ETF in the 4th quarter valued at $338,000. Elevatus Welath Management bought a new stake in shares of Global X S&P 500 Covered Call ETF in the fourth quarter valued at about $234,000. Sax Wealth Advisors LLC lifted its holdings in shares of Global X S&P 500 Covered Call ETF by 28.5% in the fourth quarter. Sax Wealth Advisors LLC now owns 13,152 shares of the company’s stock valued at $534,000 after purchasing an additional 2,920 shares in the last quarter. First Heartland Consultants Inc. boosted its position in shares of Global X S&P 500 Covered Call ETF by 2.8% during the fourth quarter. First Heartland Consultants Inc. now owns 9,246 shares of the company’s stock worth $376,000 after buying an additional 248 shares during the period. Finally, Armstrong Advisory Group Inc. boosted its position in shares of Global X S&P 500 Covered Call ETF by 13.3% during the fourth quarter. Armstrong Advisory Group Inc. now owns 52,694 shares of the company’s stock worth $2,141,000 after buying an additional 6,190 shares during the period.

Global X S&P 500 Covered Call ETF Stock Performance

NYSEARCA:XYLD opened at $38.36 on Monday. The stock has a 50-day simple moving average of $40.38 and a 200 day simple moving average of $40.15. 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 has a market cap of $2.99 billion, a PE ratio of 25.32 and a beta of 0.53.

Global X S&P 500 Covered Call ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were given a dividend of $0.3412 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 10.7%.

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.