Brookstone Capital Management Sells 12,923 Shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

Brookstone Capital Management reduced its holdings in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 1.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 707,786 shares of the company’s stock after selling 12,923 shares during the quarter. Brookstone Capital Management owned approximately 1.01% of Global X S&P 500 Covered Call ETF worth $29,656,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in XYLD. City Center Advisors LLC grew its stake in shares of Global X S&P 500 Covered Call ETF by 2.9% in the fourth quarter. City Center Advisors LLC now owns 16,057 shares of the company’s stock valued at $673,000 after buying an additional 452 shares in the last quarter. International Assets Investment Management LLC bought a new position in Global X S&P 500 Covered Call ETF during the fourth quarter worth $2,521,000. JPMorgan Chase & Co. boosted its position in Global X S&P 500 Covered Call ETF by 1,078.5% during the third quarter. JPMorgan Chase & Co. now owns 13,152 shares of the company’s stock worth $546,000 after purchasing an additional 12,036 shares during the period. Copley Financial Group Inc. bought a new position in Global X S&P 500 Covered Call ETF during the third quarter worth $41,000. Finally, World Investment Advisors LLC bought a new position in Global X S&P 500 Covered Call ETF during the third quarter worth $382,000.

Global X S&P 500 Covered Call ETF Stock Down 0.5 %

Shares of XYLD traded down $0.19 during midday trading on Monday, reaching $41.61. 153,412 shares of the stock were exchanged, compared to its average volume of 724,386. The company has a market cap of $2.91 billion, a P/E ratio of 20.31 and a beta of 0.44. The stock’s 50 day simple moving average is $42.21 and its 200 day simple moving average is $41.38. Global X S&P 500 Covered Call ETF has a twelve month low of $37.93 and a twelve month 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.