IFP Advisors Inc Grows Stake in Global X S&P 500 Covered Call ETF $XYLD

IFP Advisors Inc lifted its holdings in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 30.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,664 shares of the company’s stock after acquiring an additional 1,312 shares during the quarter. IFP Advisors Inc’s holdings in Global X S&P 500 Covered Call ETF were worth $221,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. increased its position in shares of Global X S&P 500 Covered Call ETF by 13.6% during the first quarter. Oppenheimer & Co. Inc. now owns 8,162 shares of the company’s stock worth $322,000 after acquiring an additional 975 shares during the last quarter. Royal Bank of Canada increased its position in shares of Global X S&P 500 Covered Call ETF by 1.1% during the first quarter. Royal Bank of Canada now owns 591,638 shares of the company’s stock worth $23,363,000 after acquiring an additional 6,670 shares during the last quarter. Spire Wealth Management increased its position in shares of Global X S&P 500 Covered Call ETF by 42.4% during the first quarter. Spire Wealth Management now owns 1,209 shares of the company’s stock worth $48,000 after acquiring an additional 360 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Global X S&P 500 Covered Call ETF by 5.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 18,242 shares of the company’s stock worth $720,000 after acquiring an additional 941 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Global X S&P 500 Covered Call ETF by 11.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 43,675 shares of the company’s stock worth $1,725,000 after acquiring an additional 4,443 shares during the last quarter.

Global X S&P 500 Covered Call ETF Stock Performance

Shares of NYSEARCA XYLD opened at $39.77 on Friday. Global X S&P 500 Covered Call ETF has a 1 year low of $34.53 and a 1 year high of $43.43. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 25.32 and a beta of 0.72. The stock’s 50-day simple moving average is $39.17 and its 200-day simple moving average is $38.72.

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.