Kovack Advisors Inc. Has $591,000 Position in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

Kovack Advisors Inc. decreased its holdings in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,241 shares of the company’s stock after selling 299 shares during the period. Kovack Advisors Inc.’s holdings in Global X S&P 500 Covered Call ETF were worth $591,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. LPL Financial LLC boosted its position in shares of Global X S&P 500 Covered Call ETF by 13.4% during the second quarter. LPL Financial LLC now owns 3,103,006 shares of the company’s stock valued at $125,455,000 after buying an additional 366,810 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Global X S&P 500 Covered Call ETF by 585.9% in the 1st quarter. Cetera Investment Advisers now owns 380,329 shares of the company’s stock worth $15,514,000 after acquiring an additional 324,879 shares in the last quarter. One Capital Management LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF in the second quarter valued at about $8,968,000. Proficio Capital Partners LLC raised its holdings in shares of Global X S&P 500 Covered Call ETF by 1,322.1% in the third quarter. Proficio Capital Partners LLC now owns 168,665 shares of the company’s stock valued at $7,000,000 after purchasing an additional 156,805 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Global X S&P 500 Covered Call ETF by 33.8% during the second quarter. Envestnet Asset Management Inc. now owns 538,183 shares of the company’s stock valued at $21,759,000 after purchasing an additional 135,930 shares in the last quarter.

Global X S&P 500 Covered Call ETF Stock Performance

Shares of XYLD stock opened at $42.19 on Friday. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 20.31 and a beta of 0.44. Global X S&P 500 Covered Call ETF has a 52-week low of $37.93 and a 52-week high of $42.23. The company has a 50-day simple moving average of $41.52 and a two-hundred day simple moving average of $40.79.

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.