740,544 Shares in Global X S&P 500 Risk Managed Income ETF $XRMI Acquired by Foguth Wealth Management LLC.

Foguth Wealth Management LLC. bought a new position in Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 740,544 shares of the company’s stock, valued at approximately $12,741,000. Global X S&P 500 Risk Managed Income ETF makes up 1.3% of Foguth Wealth Management LLC.’s portfolio, making the stock its 27th largest holding. Foguth Wealth Management LLC. owned about 0.21% of Global X S&P 500 Risk Managed Income ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Investment Advisers raised its position in Global X S&P 500 Risk Managed Income ETF by 24.9% in the 1st quarter. Cetera Investment Advisers now owns 188,730 shares of the company’s stock worth $3,190,000 after purchasing an additional 37,678 shares during the period. Envestnet Asset Management Inc. grew its position in Global X S&P 500 Risk Managed Income ETF by 21.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 177,835 shares of the company’s stock worth $3,057,000 after acquiring an additional 31,462 shares during the last quarter. Tactive Advisors LLC increased its stake in Global X S&P 500 Risk Managed Income ETF by 6.3% in the 2nd quarter. Tactive Advisors LLC now owns 33,893 shares of the company’s stock worth $583,000 after purchasing an additional 1,999 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in Global X S&P 500 Risk Managed Income ETF in the 2nd quarter worth approximately $207,000.

Global X S&P 500 Risk Managed Income ETF Trading Down 0.6%

XRMI stock traded down $0.11 during midday trading on Monday, hitting $17.09. The company had a trading volume of 9,102 shares, compared to its average volume of 19,622. The stock has a market cap of $61.52 million, a price-to-earnings ratio of 25.29 and a beta of 0.35. Global X S&P 500 Risk Managed Income ETF has a 52 week low of $16.73 and a 52 week high of $18.08. The stock’s 50 day moving average price is $17.33 and its 200 day moving average price is $17.25.

Global X S&P 500 Risk Managed Income ETF Company Profile

The Global X S&P 500 Risk Managed Income ETF (XRMI) is an exchange-traded fund that is based on the Cboe S&P 500 Risk Managed Income index. The fund tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. XRMI was launched on Aug 25, 2021 and is managed by Global X.