RiverFront Investment Group LLC Has $4.89 Million Stake in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

RiverFront Investment Group LLC grew its holdings in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 20.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,044 shares of the company’s stock after purchasing an additional 20,930 shares during the period. RiverFront Investment Group LLC owned about 0.17% of Global X S&P 500 Covered Call ETF worth $4,894,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Founders Financial Alliance LLC grew its position in Global X S&P 500 Covered Call ETF by 8.6% during the second quarter. Founders Financial Alliance LLC now owns 13,936 shares of the company’s stock worth $563,000 after buying an additional 1,098 shares in the last quarter. Truist Financial Corp increased its position in shares of Global X S&P 500 Covered Call ETF by 1.9% in the second quarter. Truist Financial Corp now owns 22,630 shares of the company’s stock worth $915,000 after purchasing an additional 420 shares during the period. NewEdge Advisors LLC increased its position in shares of Global X S&P 500 Covered Call ETF by 22.4% in the second quarter. NewEdge Advisors LLC now owns 36,402 shares of the company’s stock worth $1,472,000 after purchasing an additional 6,658 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Global X S&P 500 Covered Call ETF by 4.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 55,656 shares of the company’s stock valued at $2,250,000 after purchasing an additional 2,194 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in Global X S&P 500 Covered Call ETF by 18.2% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 47,893 shares of the company’s stock worth $1,935,000 after purchasing an additional 7,373 shares during the period.

Global X S&P 500 Covered Call ETF Stock Down 0.5 %

Shares of Global X S&P 500 Covered Call ETF stock opened at $41.29 on Wednesday. The firm’s 50-day moving average price is $40.75 and its two-hundred day moving average price is $40.53. The company has a market capitalization of $2.89 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 12-month low of $37.49 and a 12-month high of $41.65.

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.