Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Hits New 1-Year High – Should You Buy?

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) hit a new 52-week high on Thursday . The stock traded as high as $41.10 and last traded at $41.09, with a volume of 272265 shares. The stock had previously closed at $40.94.

Global X S&P 500 Covered Call ETF Stock Performance

The business has a 50-day simple moving average of $40.56 and a 200-day simple moving average of $40.41. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 25.32 and a beta of 0.49.

Institutional Trading of Global X S&P 500 Covered Call ETF

Several hedge funds have recently added to or reduced their stakes in the company. Tactive Advisors LLC lifted its stake in Global X S&P 500 Covered Call ETF by 2.3% in the second quarter. Tactive Advisors LLC now owns 22,739 shares of the company’s stock worth $928,000 after acquiring an additional 512 shares during the last quarter. Sax Wealth Advisors LLC increased its position in shares of Global X S&P 500 Covered Call ETF by 24.0% in the 2nd quarter. Sax Wealth Advisors LLC now owns 16,315 shares of the company’s stock valued at $638,000 after purchasing an additional 3,163 shares during the last quarter. Grant Private Wealth Management Inc increased its position in shares of Global X S&P 500 Covered Call ETF by 42.4% in the 2nd quarter. Grant Private Wealth Management Inc now owns 14,480 shares of the company’s stock valued at $591,000 after purchasing an additional 4,315 shares during the last quarter. City Center Advisors LLC raised its holdings in shares of Global X S&P 500 Covered Call ETF by 4.8% in the 2nd quarter. City Center Advisors LLC now owns 15,561 shares of the company’s stock valued at $635,000 after purchasing an additional 714 shares in the last quarter. Finally, Bangor Savings Bank raised its holdings in shares of Global X S&P 500 Covered Call ETF by 7.5% in the 2nd quarter. Bangor Savings Bank now owns 35,511 shares of the company’s stock valued at $1,448,000 after purchasing an additional 2,465 shares in the last quarter.

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.