Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sets New 12-Month High – Should You Buy?

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

Global X S&P 500 Covered Call ETF Trading Down 0.1%

The stock has a market cap of $3.28 billion, a P/E ratio of 25.32 and a beta of 0.49. The business’s 50 day moving average price is $41.27 and its two-hundred day moving average price is $40.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in XYLD. Corient Private Wealth LP raised its holdings in Global X S&P 500 Covered Call ETF by 50.2% in the second quarter. Corient Private Wealth LP now owns 14,376 shares of the company’s stock worth $586,000 after purchasing an additional 4,802 shares in the last quarter. Hyundai Investments Co. Ltd. increased its stake in shares of Global X S&P 500 Covered Call ETF by 77.4% in the 2nd quarter. Hyundai Investments Co. Ltd. now owns 14,225 shares of the company’s stock worth $578,000 after acquiring an additional 6,207 shares in the last quarter. Ameritas Advisory Services LLC increased its stake in shares of Global X S&P 500 Covered Call ETF by 31.1% in the 2nd quarter. Ameritas Advisory Services LLC now owns 60,770 shares of the company’s stock worth $2,479,000 after acquiring an additional 14,399 shares in the last quarter. Compass Financial Management LLC purchased a new position in Global X S&P 500 Covered Call ETF during the 2nd quarter valued at about $770,000. Finally, Markowski Investments bought a new stake in Global X S&P 500 Covered Call ETF during the second quarter worth about $747,000.

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.