FUKOKU MUTUAL LIFE INSURANCE Co Takes $6.99 Million Position in Global X S&P 500 Covered Call ETF $XYLD

FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 178,000 shares of the company’s stock, valued at approximately $6,988,000.

A number of other hedge funds also recently made changes to their positions in XYLD. MGB Wealth Management LLC bought a new stake in Global X S&P 500 Covered Call ETF in the second quarter worth $26,000. GHP Investment Advisors Inc. bought a new stake in shares of Global X S&P 500 Covered Call ETF in the 2nd quarter worth about $34,000. Activest Wealth Management purchased a new stake in shares of Global X S&P 500 Covered Call ETF during the 3rd quarter valued at about $39,000. Farther Finance Advisors LLC bought a new position in shares of Global X S&P 500 Covered Call ETF in the 3rd quarter valued at about $58,000. Finally, EP Wealth Advisors LLC purchased a new position in Global X S&P 500 Covered Call ETF in the second quarter worth about $100,000.

Global X S&P 500 Covered Call ETF Price Performance

Shares of XYLD stock opened at $40.85 on Friday. The company has a market cap of $3.18 billion, a PE ratio of 25.32 and a beta of 0.53. Global X S&P 500 Covered Call ETF has a 1 year low of $34.53 and a 1 year high of $41.99. The stock’s 50 day simple moving average is $40.75 and its two-hundred day simple moving average is $40.00.

Global X S&P 500 Covered Call ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Monday, February 23rd were given a $0.3412 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 10.0%.

Global X S&P 500 Covered Call ETF 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.