Milestone Asset Management LLC Cuts Stock Position in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

Milestone Asset Management LLC lessened its stake in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 21.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,045 shares of the company’s stock after selling 1,912 shares during the quarter. Milestone Asset Management LLC’s holdings in Global X S&P 500 Covered Call ETF were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Copley Financial Group Inc. bought a new position in Global X S&P 500 Covered Call ETF in the third quarter worth about $41,000. CWM LLC increased its position in Global X S&P 500 Covered Call ETF by 12.2% in the third quarter. CWM LLC now owns 3,450 shares of the company’s stock worth $143,000 after buying an additional 375 shares during the period. Fifth Third Bancorp lifted its stake in Global X S&P 500 Covered Call ETF by 182.2% in the fourth quarter. Fifth Third Bancorp now owns 4,679 shares of the company’s stock valued at $196,000 after buying an additional 3,021 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Global X S&P 500 Covered Call ETF in the 3rd quarter worth about $201,000. Finally, First Citizens Bank & Trust Co. bought a new stake in Global X S&P 500 Covered Call ETF in the 3rd quarter valued at about $202,000.

Global X S&P 500 Covered Call ETF Price Performance

Shares of XYLD stock opened at $42.46 on Friday. Global X S&P 500 Covered Call ETF has a 12-month low of $37.93 and a 12-month high of $43.43. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 20.31 and a beta of 0.44. The business has a 50 day simple moving average of $42.34 and a 200 day simple moving average of $41.53.

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.