Cetera Investment Advisers Has $1.88 Million Stock Position in Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI)

Cetera Investment Advisers reduced its holdings in shares of Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) by 5.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,992 shares of the company’s stock after selling 5,693 shares during the quarter. Cetera Investment Advisers owned approximately 3.95% of Global X S&P 500 Risk Managed Income ETF worth $1,881,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Brookwood Investment Group LLC bought a new position in shares of Global X S&P 500 Risk Managed Income ETF during the 1st quarter worth approximately $276,000. Kingsview Wealth Management LLC bought a new position in shares of Global X S&P 500 Risk Managed Income ETF during the 1st quarter worth approximately $1,455,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Global X S&P 500 Risk Managed Income ETF by 20.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 120,093 shares of the company’s stock worth $2,215,000 after acquiring an additional 20,421 shares in the last quarter.

Global X S&P 500 Risk Managed Income ETF Stock Up 0.1%

Shares of XRMI opened at $17.79 on Friday. The stock has a market capitalization of $46.25 million, a P/E ratio of 25.29 and a beta of 0.35. Global X S&P 500 Risk Managed Income ETF has a twelve month low of $17.38 and a twelve month high of $19.64. The company has a 50 day moving average of $17.83 and a 200-day moving average of $18.26.

Global X S&P 500 Risk Managed Income ETF Profile

The Global X S&P 500 Risk Managed Income ETF (XRMI) is an exchange-traded fund that is based on the Cboe S&P 500 Risk Managed Income index. The fund tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis.