Envestnet Asset Management Inc. Has $20.23 Million Stake in Global X S&P 500 Covered Call ETF $XYLD

Envestnet Asset Management Inc. cut its stake in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 17.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 515,375 shares of the company’s stock after selling 109,670 shares during the period. Envestnet Asset Management Inc. owned 0.67% of Global X S&P 500 Covered Call ETF worth $20,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in shares of Global X S&P 500 Covered Call ETF by 14.4% during the second quarter. Ameriprise Financial Inc. now owns 1,463,572 shares of the company’s stock worth $57,007,000 after buying an additional 183,859 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in Global X S&P 500 Covered Call ETF by 3,414.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 185,702 shares of the company’s stock worth $7,231,000 after acquiring an additional 180,418 shares during the period. Global X Japan Co. Ltd. raised its position in shares of Global X S&P 500 Covered Call ETF by 17.8% during the 3rd quarter. Global X Japan Co. Ltd. now owns 990,048 shares of the company’s stock valued at $38,869,000 after acquiring an additional 149,287 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Global X S&P 500 Covered Call ETF by 75.5% in the 2nd quarter. Baird Financial Group Inc. now owns 332,473 shares of the company’s stock valued at $12,946,000 after purchasing an additional 143,052 shares during the period. Finally, Osaic Holdings Inc. boosted its position in shares of Global X S&P 500 Covered Call ETF by 22.1% in the 2nd quarter. Osaic Holdings Inc. now owns 732,266 shares of the company’s stock worth $28,515,000 after purchasing an additional 132,573 shares during the last quarter.

Global X S&P 500 Covered Call ETF Stock Performance

Shares of NYSEARCA:XYLD opened at $40.61 on Friday. Global X S&P 500 Covered Call ETF has a 52 week low of $34.53 and a 52 week high of $42.92. The company has a market capitalization of $3.16 billion, a PE ratio of 25.32 and a beta of 0.53. The company has a 50 day moving average price of $40.70 and a two-hundred day moving average price of $39.89.

Global X S&P 500 Covered Call ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were paid a $0.3597 dividend. This represents a c) annualized dividend and a yield of 10.6%. The ex-dividend date was Tuesday, January 20th. This is an increase from Global X S&P 500 Covered Call ETF’s previous monthly dividend of $0.33.

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.