Principal Securities Inc. Boosts Stake in Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI)

Principal Securities Inc. boosted its stake in shares of Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,432 shares of the company’s stock after purchasing an additional 6,277 shares during the period. Principal Securities Inc. owned about 5.33% of Global X S&P 500 Risk Managed Income ETF worth $1,842,000 at the end of the most recent quarter.

Separately, Arete Wealth Advisors LLC raised its position in shares of Global X S&P 500 Risk Managed Income ETF by 61.7% during the 3rd quarter. Arete Wealth Advisors LLC now owns 24,094 shares of the company’s stock valued at $459,000 after purchasing an additional 9,191 shares during the period.

Global X S&P 500 Risk Managed Income ETF Stock Performance

Shares of Global X S&P 500 Risk Managed Income ETF stock opened at $19.58 on Wednesday. Global X S&P 500 Risk Managed Income ETF has a fifty-two week low of $18.03 and a fifty-two week high of $19.69. The company has a market capitalization of $35.05 million, a P/E ratio of 19.00 and a beta of 0.36. The company has a fifty day moving average of $19.39 and a 200 day moving average of $19.12.

Global X S&P 500 Risk Managed Income ETF Profile

The Global X S&P 500 Risk Managed Income ETF (XRMI) is an exchange-traded fund that is based on the Cboe S&P 500 Risk Managed Income index. The fund tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis.