Sumitomo Life Insurance Co. Makes New Investment in Global X S&P 500 Covered Call ETF $XYLD

Sumitomo Life Insurance Co. bought a new position in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) during the third quarter, Holdings Channel.com reports. The fund bought 1,710,000 shares of the company’s stock, valued at approximately $67,135,000. Global X S&P 500 Covered Call ETF accounts for 2.1% of Sumitomo Life Insurance Co.’s investment portfolio, making the stock its 11th largest holding.

A number of other large investors also recently modified their holdings of the company. Solutions 4 Wealth Ltd increased its stake in Global X S&P 500 Covered Call ETF by 3.0% during the 2nd quarter. Solutions 4 Wealth Ltd now owns 8,774 shares of the company’s stock valued at $342,000 after purchasing an additional 258 shares in the last quarter. MeadowBrook Investment Advisors LLC grew its holdings in shares of Global X S&P 500 Covered Call ETF by 7.6% during the third quarter. MeadowBrook Investment Advisors LLC now owns 3,836 shares of the company’s stock valued at $151,000 after buying an additional 270 shares during the last quarter. First Heartland Consultants Inc. increased its position in shares of Global X S&P 500 Covered Call ETF by 4.7% during the third quarter. First Heartland Consultants Inc. now owns 8,998 shares of the company’s stock worth $353,000 after acquiring an additional 407 shares in the last quarter. Blue Chip Partners LLC raised its holdings in shares of Global X S&P 500 Covered Call ETF by 1.4% in the 2nd quarter. Blue Chip Partners LLC now owns 29,209 shares of the company’s stock worth $1,137,000 after acquiring an additional 409 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in Global X S&P 500 Covered Call ETF by 0.9% in the 3rd quarter. Ameritas Advisory Services LLC now owns 58,266 shares of the company’s stock valued at $2,288,000 after acquiring an additional 493 shares in the last quarter.

Global X S&P 500 Covered Call ETF Stock Performance

XYLD stock opened at $40.91 on Thursday. The business has a 50-day simple moving average of $40.75 and a two-hundred day simple moving average of $39.99. The company has a market capitalization of $3.18 billion, a P/E ratio of 25.32 and a beta of 0.53. Global X S&P 500 Covered Call ETF has a 52-week low of $34.53 and a 52-week high of $42.04.

Global X S&P 500 Covered Call ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Monday, February 23rd will be issued a dividend of $0.3412 per share. The ex-dividend date is Monday, February 23rd. This represents a c) annualized dividend and a yield of 10.0%.

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.