Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Reaches New 52-Week High – Here’s What Happened

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $42.20 and last traded at $42.19, with a volume of 22688 shares. The stock had previously closed at $42.19.

Global X S&P 500 Covered Call ETF Stock Performance

The company has a fifty day simple moving average of $41.44 and a 200 day simple moving average of $40.76. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 20.31 and a beta of 0.44.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of XYLD. LPL Financial LLC increased its stake in Global X S&P 500 Covered Call ETF by 3.6% during the 3rd quarter. LPL Financial LLC now owns 3,213,625 shares of the company’s stock valued at $133,365,000 after purchasing an additional 110,619 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Global X S&P 500 Covered Call ETF in the third quarter valued at about $578,000. Verus Capital Partners LLC raised its holdings in shares of Global X S&P 500 Covered Call ETF by 4.8% in the third quarter. Verus Capital Partners LLC now owns 28,863 shares of the company’s stock valued at $1,198,000 after purchasing an additional 1,310 shares during the last quarter. 1900 Wealth Management LLC lifted its position in shares of Global X S&P 500 Covered Call ETF by 13.2% during the third quarter. 1900 Wealth Management LLC now owns 46,745 shares of the company’s stock valued at $1,907,000 after purchasing an additional 5,448 shares in the last quarter. Finally, Baker Avenue Asset Management LP boosted its holdings in Global X S&P 500 Covered Call ETF by 25.6% during the third quarter. Baker Avenue Asset Management LP now owns 21,310 shares of the company’s stock worth $884,000 after purchasing an additional 4,343 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.