Raymond James Financial Inc. Acquires New Stake in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

Raymond James Financial Inc. bought a new position in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,535,886 shares of the company’s stock, valued at approximately $64,354,000. Raymond James Financial Inc. owned 2.19% of Global X S&P 500 Covered Call ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 valued at $36,000 after purchasing an additional 449 shares in the last quarter. Copley Financial Group Inc. acquired a new position in shares of Global X S&P 500 Covered Call ETF in the third quarter worth about $41,000. Smartleaf Asset Management LLC acquired a new position in shares of Global X S&P 500 Covered Call ETF in the fourth quarter worth about $61,000. Cape Investment Advisory Inc. boosted its holdings in shares of Global X S&P 500 Covered Call ETF by 731.5% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,663 shares of the company’s stock worth $70,000 after buying an additional 1,463 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Global X S&P 500 Covered Call ETF by 122.7% in the fourth quarter. US Bancorp DE now owns 1,715 shares of the company’s stock worth $72,000 after buying an additional 945 shares during the period.

Global X S&P 500 Covered Call ETF Price Performance

Shares of XYLD opened at $39.69 on Tuesday. Global X S&P 500 Covered Call ETF has a one year low of $37.93 and a one year high of $43.43. The company has a 50-day moving average of $42.12 and a two-hundred day moving average of $41.88. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 26.63 and a beta of 0.65.

About Global X S&P 500 Covered Call ETF

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.