Envestnet Asset Management Inc. Acquires 135,930 Shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

Envestnet Asset Management Inc. grew its stake in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 33.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 538,183 shares of the company’s stock after purchasing an additional 135,930 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.77% of Global X S&P 500 Covered Call ETF worth $21,759,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Chilton Capital Management LLC bought a new position in Global X S&P 500 Covered Call ETF in the 1st quarter worth about $25,000. Mather Group LLC. purchased a new position in Global X S&P 500 Covered Call ETF during the 2nd quarter worth $33,000. PNC Financial Services Group Inc. bought a new stake in Global X S&P 500 Covered Call ETF during the 4th quarter valued at $36,000. Strategic Financial Concepts LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF in the 2nd quarter worth $42,000. Finally, Concourse Financial Group Securities Inc. grew its position in shares of Global X S&P 500 Covered Call ETF by 121.3% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 1,328 shares of the company’s stock worth $54,000 after buying an additional 728 shares in the last quarter.

Global X S&P 500 Covered Call ETF Price Performance

XYLD stock opened at $41.56 on Monday. Global X S&P 500 Covered Call ETF has a 1-year low of $37.49 and a 1-year high of $41.65. The business has a 50-day moving average price of $40.66 and a 200 day moving average price of $40.48. The company has a market capitalization of $2.91 billion, a P/E ratio of 20.31 and a beta of 0.44.

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.