Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sees Strong Trading Volume – Still a Buy?

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLDGet Free Report) shares saw unusually-high trading volume on Friday . 1,264,886 shares traded hands during trading, an increase of 34% from the previous session’s volume of 947,056 shares.The stock last traded at $41.15 and had previously closed at $41.14.

Global X S&P 500 Covered Call ETF Stock Up 0.1%

The business’s 50 day moving average is $40.59 and its 200-day moving average is $40.41. The firm has a market capitalization of $3.22 billion, a P/E ratio of 25.32 and a beta of 0.49.

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

A number of large investors have recently modified their holdings of XYLD. MGB Wealth Management LLC bought a new position in shares of Global X S&P 500 Covered Call ETF in the 2nd quarter valued at $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Global X S&P 500 Covered Call ETF in the first quarter valued at about $49,000. Measured Wealth Private Client Group LLC acquired a new stake in Global X S&P 500 Covered Call ETF in the third quarter valued at about $52,000. Ascentis Independent Advisors bought a new position in Global X S&P 500 Covered Call ETF in the first quarter valued at about $64,000. Finally, EP Wealth Advisors LLC bought a new position in Global X S&P 500 Covered Call ETF in the second quarter valued at about $100,000.

Global X S&P 500 Covered Call ETF Company Profile

(Get Free Report)

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.

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