LPL Financial LLC Acquires 359,850 Shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

LPL Financial LLC increased its holdings in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 11.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,573,475 shares of the company’s stock after acquiring an additional 359,850 shares during the quarter. LPL Financial LLC owned about 0.05% of Global X S&P 500 Covered Call ETF worth $149,729,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. HUB Investment Partners LLC lifted its holdings in shares of Global X S&P 500 Covered Call ETF by 29.7% during the fourth quarter. HUB Investment Partners LLC now owns 457,194 shares of the company’s stock worth $19,156,000 after purchasing an additional 104,820 shares during the period. Thrivent Financial for Lutherans raised its position in Global X S&P 500 Covered Call ETF by 6.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 14,787 shares of the company’s stock worth $620,000 after purchasing an additional 849 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Global X S&P 500 Covered Call ETF by 64.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,301 shares of the company’s stock worth $725,000 after buying an additional 6,783 shares during the period. Madison Wealth Partners Inc grew its position in shares of Global X S&P 500 Covered Call ETF by 9.4% in the 4th quarter. Madison Wealth Partners Inc now owns 31,244 shares of the company’s stock valued at $1,309,000 after buying an additional 2,687 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in shares of Global X S&P 500 Covered Call ETF by 15.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 132,405 shares of the company’s stock valued at $5,548,000 after buying an additional 18,094 shares during the period.

Global X S&P 500 Covered Call ETF Price Performance

Global X S&P 500 Covered Call ETF stock opened at $39.86 on Tuesday. The stock’s 50 day moving average is $41.67 and its 200 day moving average is $41.79. 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 firm has a market cap of $3.09 billion, a P/E ratio of 25.09 and a beta of 0.63.

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 given a $0.4005 dividend. The ex-dividend date is Monday, March 24th. This is an increase from Global X S&P 500 Covered Call ETF’s previous dividend of $0.28.

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.