Founders Financial Alliance LLC Purchases 1,167 Shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

Founders Financial Alliance LLC boosted its position in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 7.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,325 shares of the company’s stock after buying an additional 1,167 shares during the period. Founders Financial Alliance LLC’s holdings in Global X S&P 500 Covered Call ETF were worth $684,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in Global X S&P 500 Covered Call ETF by 2.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 56,196 shares of the company’s stock worth $2,332,000 after purchasing an additional 1,276 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in Global X S&P 500 Covered Call ETF by 34.2% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 12,713 shares of the company’s stock worth $528,000 after purchasing an additional 3,239 shares in the last quarter. Baker Avenue Asset Management LP increased its holdings in Global X S&P 500 Covered Call ETF by 25.6% during the 3rd 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 in the last quarter. Verus Capital Partners LLC increased its holdings in Global X S&P 500 Covered Call ETF by 4.8% during the 3rd quarter. Verus Capital Partners LLC now owns 28,863 shares of the company’s stock worth $1,198,000 after purchasing an additional 1,310 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in Global X S&P 500 Covered Call ETF during the 3rd quarter worth approximately $578,000.

Global X S&P 500 Covered Call ETF Stock Performance

Shares of XYLD opened at $39.69 on Tuesday. The stock has a 50 day moving average price of $42.12 and a two-hundred day moving average price of $41.88. The firm has a market capitalization of $3.08 billion, a P/E ratio of 26.63 and a beta of 0.65. Global X S&P 500 Covered Call ETF has a 52 week low of $37.93 and a 52 week high of $43.43.

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.