Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Reaches New 12-Month High – Time to Buy?

Shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $41.10 and last traded at $41.09, with a volume of 272265 shares changing hands. The stock had previously closed at $40.94.

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

The firm has a market cap of $3.23 billion, a PE ratio of 25.32 and a beta of 0.49. The firm has a 50 day moving average price of $40.61 and a 200-day moving average price of $40.42.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in XYLD. Kingswood Wealth Advisors LLC raised its stake in Global X S&P 500 Covered Call ETF by 57.2% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 38,966 shares of the company’s stock worth $1,583,000 after acquiring an additional 14,184 shares in the last quarter. Brookstone Capital Management lifted its position in Global X S&P 500 Covered Call ETF by 2.2% in the fourth quarter. Brookstone Capital Management now owns 827,203 shares of the company’s stock valued at $33,609,000 after acquiring an additional 17,545 shares during the last quarter. XML Financial LLC boosted its stake in Global X S&P 500 Covered Call ETF by 14.9% in the first quarter. XML Financial LLC now owns 138,224 shares of the company’s stock valued at $5,409,000 after acquiring an additional 17,950 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in Global X S&P 500 Covered Call ETF in the fourth quarter valued at $1,467,000. Finally, MOR Wealth Management LLC acquired a new position in Global X S&P 500 Covered Call ETF in the fourth quarter valued at $542,000.

About Global X S&P 500 Covered Call ETF

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.