Newport Capital Group LLC Makes New Investment in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

Newport Capital Group LLC acquired a new position in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 30,147 shares of the company’s stock, valued at approximately $1,263,000. Global X S&P 500 Covered Call ETF accounts for approximately 0.9% of Newport Capital Group LLC’s portfolio, making the stock its 23rd largest position.

A number of other institutional investors have also recently modified their holdings of XYLD. Spire Wealth Management boosted its position in shares of Global X S&P 500 Covered Call ETF by 112.3% during the 4th quarter. Spire Wealth Management now owns 849 shares of the company’s stock worth $36,000 after acquiring an additional 449 shares in the last quarter. Copley Financial Group Inc. bought a new stake in Global X S&P 500 Covered Call ETF during the third quarter worth $41,000. CWM LLC boosted its holdings in shares of Global X S&P 500 Covered Call ETF by 12.2% in the 3rd quarter. CWM LLC now owns 3,450 shares of the company’s stock valued at $143,000 after purchasing an additional 375 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Global X S&P 500 Covered Call ETF by 182.2% in the 4th quarter. Fifth Third Bancorp now owns 4,679 shares of the company’s stock valued at $196,000 after purchasing an additional 3,021 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in Global X S&P 500 Covered Call ETF in the fourth quarter valued at about $198,000.

Global X S&P 500 Covered Call ETF Trading Up 0.2 %

Shares of Global X S&P 500 Covered Call ETF stock opened at $42.78 on Friday. The firm’s 50 day moving average is $42.42 and its 200 day moving average is $41.67. The firm has a market capitalization of $3.00 billion, a PE ratio of 20.31 and a beta of 0.44. Global X S&P 500 Covered Call ETF has a 1 year low of $37.93 and a 1 year high of $43.43.

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.