Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Reaches New 52-Week High – Still a Buy?

Shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $41.92 and last traded at $41.90, with a volume of 8666 shares traded. The stock had previously closed at $41.40.

Global X S&P 500 Covered Call ETF Stock Performance

The stock’s fifty day simple moving average is $41.37 and its two-hundred day simple moving average is $40.69. The stock has a market capitalization of $2.94 billion, a P/E ratio of 20.31 and a beta of 0.44.

Institutional Investors Weigh In On Global X S&P 500 Covered Call ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Chilton Capital Management LLC bought a new position in shares of Global X S&P 500 Covered Call ETF in the 1st quarter worth $25,000. Mather Group LLC. purchased a new stake in shares of Global X S&P 500 Covered Call ETF in the second quarter worth approximately $33,000. PNC Financial Services Group Inc. purchased a new stake in Global X S&P 500 Covered Call ETF in the 4th quarter valued at $36,000. Strategic Financial Concepts LLC purchased a new position in Global X S&P 500 Covered Call ETF during the 2nd quarter worth $42,000. Finally, Concourse Financial Group Securities Inc. grew its stake in shares of Global X S&P 500 Covered Call ETF by 121.3% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 1,328 shares of the company’s stock worth $54,000 after acquiring an additional 728 shares in the last quarter.

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.