Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Reaches New 52-Week High – Time to Buy?

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $41.65 and last traded at $41.65, with a volume of 56558 shares changing hands. The stock had previously closed at $41.60.

Global X S&P 500 Covered Call ETF Price Performance

The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 20.31 and a beta of 0.44. The company’s fifty day moving average price is $40.88 and its 200-day moving average price is $40.57.

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

A number of large investors have recently made changes to their positions in XYLD. AdvisorNet Financial Inc purchased a new stake in Global X S&P 500 Covered Call ETF in the second quarter valued at approximately $153,000. Envestnet Portfolio Solutions Inc. boosted its position in Global X S&P 500 Covered Call ETF by 22.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 7,524 shares of the company’s stock valued at $307,000 after buying an additional 1,384 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in Global X S&P 500 Covered Call ETF by 53.5% in the first quarter. Avantax Advisory Services Inc. now owns 147,299 shares of the company’s stock valued at $6,008,000 after buying an additional 51,340 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Global X S&P 500 Covered Call ETF by 10.3% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 40,791 shares of the company’s stock valued at $1,621,000 after purchasing an additional 3,801 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Global X S&P 500 Covered Call ETF by 19.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 168,879 shares of the company’s stock valued at $6,889,000 after purchasing an additional 26,958 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.