Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Reaches New 52-Week High – Time to Buy?

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLDGet Free Report)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $41.80 and last traded at $41.6050, with a volume of 37200 shares trading hands. The stock had previously closed at $41.66.

Global X S&P 500 Covered Call ETF Stock Performance

The company has a market cap of $3.28 billion, a price-to-earnings ratio of 25.32 and a beta of 0.49. The stock’s fifty day moving average is $41.27 and its two-hundred day moving average is $40.59.

Institutional Trading of Global X S&P 500 Covered Call ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. XML Financial LLC lifted its holdings in shares of Global X S&P 500 Covered Call ETF by 14.9% in the 1st quarter. XML Financial LLC now owns 138,224 shares of the company’s stock worth $5,409,000 after acquiring an additional 17,950 shares during the last quarter. Montchanin Asset Management LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF during the first quarter worth about $1,568,000. Rockefeller Capital Management L.P. raised its position in Global X S&P 500 Covered Call ETF by 55.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 65,927 shares of the company’s stock valued at $2,679,000 after purchasing an additional 23,425 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Global X S&P 500 Covered Call ETF by 177.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 216,630 shares of the company’s stock worth $8,802,000 after buying an additional 138,483 shares during the last quarter. Finally, Ocean Park Asset Management LLC bought a new stake in shares of Global X S&P 500 Covered Call ETF in the 1st quarter worth approximately $3,737,000.

About Global X S&P 500 Covered Call ETF

(Get Free Report)

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.

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