Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sets New 52-Week High – Should You Buy?

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $42.34 and last traded at $42.33, with a volume of 92899 shares traded. The stock had previously closed at $42.32.

Global X S&P 500 Covered Call ETF Stock Performance

The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 20.31 and a beta of 0.44. The business’s 50 day moving average price is $41.79 and its 200 day moving average price is $41.04.

Institutional Investors Weigh In On Global X S&P 500 Covered Call ETF

Several hedge funds have recently modified their holdings of XYLD. CWM LLC raised its position in Global X S&P 500 Covered Call ETF by 31.9% during the second quarter. CWM LLC now owns 3,075 shares of the company’s stock worth $124,000 after acquiring an additional 744 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Global X S&P 500 Covered Call ETF by 14.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,488 shares of the company’s stock valued at $1,152,000 after buying an additional 3,575 shares in the last quarter. ORG Partners LLC acquired a new stake in Global X S&P 500 Covered Call ETF in the 2nd quarter worth about $119,000. AdvisorNet Financial Inc purchased a new stake in Global X S&P 500 Covered Call ETF during the 2nd quarter worth approximately $153,000. Finally, Raymond James & Associates raised its holdings in shares of Global X S&P 500 Covered Call ETF by 3.6% during the second quarter. Raymond James & Associates now owns 375,177 shares of the company’s stock valued at $15,168,000 after acquiring an additional 12,971 shares during the last quarter.

Global X S&P 500 Covered Call ETF Company 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.