Beta Wealth Group Inc. Raises Stake in Global X S&P 500 Covered Call ETF $XYLD

Beta Wealth Group Inc. grew its stake in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 348.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,929 shares of the company’s stock after acquiring an additional 90,853 shares during the quarter. Global X S&P 500 Covered Call ETF comprises approximately 1.7% of Beta Wealth Group Inc.’s investment portfolio, making the stock its 21st biggest position. Beta Wealth Group Inc. owned about 0.15% of Global X S&P 500 Covered Call ETF worth $4,553,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC grew its holdings in shares of Global X S&P 500 Covered Call ETF by 2.9% in the first quarter. LPL Financial LLC now owns 3,677,216 shares of the company’s stock valued at $145,213,000 after purchasing an additional 103,741 shares during the period. Ameriprise Financial Inc. boosted its holdings in Global X S&P 500 Covered Call ETF by 53.8% in the 1st quarter. Ameriprise Financial Inc. now owns 1,279,713 shares of the company’s stock valued at $50,450,000 after purchasing an additional 447,916 shares during the last quarter. Global X Japan Co. Ltd. grew its stake in shares of Global X S&P 500 Covered Call ETF by 18.5% in the 2nd quarter. Global X Japan Co. Ltd. now owns 840,761 shares of the company’s stock valued at $32,739,000 after buying an additional 131,160 shares during the period. Brookstone Capital Management grew its stake in shares of Global X S&P 500 Covered Call ETF by 5.1% in the 2nd quarter. Brookstone Capital Management now owns 822,531 shares of the company’s stock valued at $32,029,000 after buying an additional 39,828 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Global X S&P 500 Covered Call ETF by 7.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 625,045 shares of the company’s stock worth $24,339,000 after buying an additional 44,832 shares during the last quarter.

Global X S&P 500 Covered Call ETF Stock Performance

XYLD stock opened at $39.96 on Friday. Global X S&P 500 Covered Call ETF has a one year low of $34.53 and a one year high of $43.43. The firm has a market cap of $3.06 billion, a PE ratio of 25.32 and a beta of 0.53. The firm’s 50 day moving average price is $39.53 and its 200-day moving average price is $39.03.

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.