RiverFront Investment Group LLC Purchases 9,024 Shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

RiverFront Investment Group LLC grew its position in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,108 shares of the company’s stock after purchasing an additional 9,024 shares during the period. RiverFront Investment Group LLC owned approximately 0.19% of Global X S&P 500 Covered Call ETF worth $5,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of XYLD. Spire Wealth Management boosted its position in 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 acquiring an additional 449 shares during the last quarter. Copley Financial Group Inc. acquired a new position in Global X S&P 500 Covered Call ETF during the third quarter worth $41,000. Murphy & Mullick Capital Management Corp bought a new position in Global X S&P 500 Covered Call ETF in the fourth quarter valued at $59,000. Smartleaf Asset Management LLC acquired a new stake in Global X S&P 500 Covered Call ETF in the 4th quarter valued at $61,000. Finally, Cape Investment Advisory Inc. lifted its position in 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 worth $70,000 after buying an additional 1,463 shares in the last quarter.

Global X S&P 500 Covered Call ETF Price Performance

Shares of NYSEARCA XYLD opened at $39.28 on Friday. The business has a 50-day moving average of $41.45 and a 200-day moving average of $41.75. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 25.09 and a beta of 0.63. Global X S&P 500 Covered Call ETF has a fifty-two week low of $37.93 and a fifty-two week high of $43.43.

Global X S&P 500 Covered Call ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be given a dividend of $0.4005 per share. This is a positive change from Global X S&P 500 Covered Call ETF’s previous dividend of $0.28. The ex-dividend date of this dividend is Monday, March 24th.

Global X S&P 500 Covered Call ETF Company 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.