Founders Financial Alliance LLC Grows Stake in Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI)

Founders Financial Alliance LLC lifted its stake in shares of Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,115 shares of the company’s stock after purchasing an additional 3,809 shares during the period. Founders Financial Alliance LLC owned about 1.85% of Global X S&P 500 Risk Managed Income ETF worth $639,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in Global X S&P 500 Risk Managed Income ETF during the 4th quarter valued at about $121,000. Principal Securities Inc. grew its stake in Global X S&P 500 Risk Managed Income ETF by 7.0% during the 4th quarter. Principal Securities Inc. now owns 95,432 shares of the company’s stock valued at $1,842,000 after acquiring an additional 6,277 shares in the last quarter. Finally, Arete Wealth Advisors LLC grew its stake in Global X S&P 500 Risk Managed Income ETF by 61.7% during the 3rd quarter. Arete Wealth Advisors LLC now owns 24,094 shares of the company’s stock valued at $459,000 after acquiring an additional 9,191 shares in the last quarter.

Global X S&P 500 Risk Managed Income ETF Price Performance

Global X S&P 500 Risk Managed Income ETF stock opened at $18.67 on Tuesday. The firm has a 50 day simple moving average of $19.33 and a 200-day simple moving average of $19.17. Global X S&P 500 Risk Managed Income ETF has a 1-year low of $18.03 and a 1-year high of $19.69. The stock has a market cap of $44.62 million, a price-to-earnings ratio of 26.88 and a beta of 0.35.

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.