LPL Financial LLC Acquires 4,140 Shares of Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI)

LPL Financial LLC boosted its stake in shares of Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 301,190 shares of the company’s stock after buying an additional 4,140 shares during the period. LPL Financial LLC owned approximately 11.67% of Global X S&P 500 Risk Managed Income ETF worth $5,554,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Global X S&P 500 Risk Managed Income ETF by 11.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 99,672 shares of the company’s stock valued at $1,924,000 after acquiring an additional 9,856 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Global X S&P 500 Risk Managed Income ETF by 1.9% during the fourth quarter. Cetera Investment Advisers now owns 107,685 shares of the company’s stock valued at $2,078,000 after acquiring an additional 1,972 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of Global X S&P 500 Risk Managed Income ETF during the first quarter valued at approximately $1,455,000. Finally, Brookwood Investment Group LLC bought a new stake in shares of Global X S&P 500 Risk Managed Income ETF in the 1st quarter worth $276,000.

Global X S&P 500 Risk Managed Income ETF Trading Up 0.3%

Global X S&P 500 Risk Managed Income ETF stock opened at $17.86 on Wednesday. The firm has a market cap of $45.01 million, a price-to-earnings ratio of 25.29 and a beta of 0.35. The stock has a fifty day simple moving average of $17.83 and a two-hundred day simple moving average of $18.23. Global X S&P 500 Risk Managed Income ETF has a 12 month low of $17.38 and a 12 month high of $19.64.

About Global X S&P 500 Risk Managed Income ETF

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.