LPL Financial LLC Has $149.73 Million Stake in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

LPL Financial LLC raised its position in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 11.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,573,475 shares of the company’s stock after buying an additional 359,850 shares during the quarter. LPL Financial LLC owned about 5.10% of Global X S&P 500 Covered Call ETF worth $149,729,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Spire Wealth Management lifted its position in shares of Global X S&P 500 Covered Call ETF by 112.3% during the 4th quarter. Spire Wealth Management now owns 849 shares of the company’s stock worth $36,000 after buying an additional 449 shares during the last quarter. Copley Financial Group Inc. bought a new position in shares of Global X S&P 500 Covered Call ETF in the third quarter worth about $41,000. Smartleaf Asset Management LLC acquired a new stake in shares of Global X S&P 500 Covered Call ETF in the 4th quarter valued at approximately $61,000. Cape Investment Advisory Inc. grew its holdings in shares of Global X S&P 500 Covered Call ETF by 731.5% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,663 shares of the company’s stock valued at $70,000 after purchasing an additional 1,463 shares during the last quarter. Finally, US Bancorp DE increased its position in Global X S&P 500 Covered Call ETF by 122.7% during the 4th quarter. US Bancorp DE now owns 1,715 shares of the company’s stock worth $72,000 after purchasing an additional 945 shares in the last quarter.

Global X S&P 500 Covered Call ETF Price Performance

Shares of NYSEARCA:XYLD opened at $39.86 on Tuesday. Global X S&P 500 Covered Call ETF has a one year low of $37.93 and a one year high of $43.43. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 25.09 and a beta of 0.63. The firm has a 50 day simple moving average of $41.67 and a 200 day simple moving average of $41.79.

Global X S&P 500 Covered Call ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be paid a $0.4005 dividend. This is a boost from Global X S&P 500 Covered Call ETF’s previous dividend of $0.28. The ex-dividend date is Monday, March 24th.

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.