HUB Investment Partners LLC Sells 81,936 Shares of Global X S&P 500 Covered Call ETF $XYLD

HUB Investment Partners LLC lowered its stake in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 15.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 447,518 shares of the company’s stock after selling 81,936 shares during the period. HUB Investment Partners LLC’s holdings in Global X S&P 500 Covered Call ETF were worth $17,570,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Modern Wealth Management LLC bought a new position in Global X S&P 500 Covered Call ETF during the 3rd quarter worth approximately $302,000. Smith Moore & CO. purchased a new position in Global X S&P 500 Covered Call ETF in the 3rd quarter worth approximately $361,000. PKS Advisory Services LLC lifted its position in Global X S&P 500 Covered Call ETF by 8.1% in the third quarter. PKS Advisory Services LLC now owns 14,076 shares of the company’s stock valued at $553,000 after purchasing an additional 1,053 shares during the last quarter. Madison Wealth Partners Inc lifted its position in Global X S&P 500 Covered Call ETF by 2.7% in the third quarter. Madison Wealth Partners Inc now owns 35,558 shares of the company’s stock valued at $1,396,000 after purchasing an additional 925 shares during the last quarter. Finally, Caitlin John LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF during the third quarter valued at approximately $94,000.

Global X S&P 500 Covered Call ETF Stock Performance

Shares of Global X S&P 500 Covered Call ETF stock opened at $40.18 on Friday. Global X S&P 500 Covered Call ETF has a 52-week low of $34.53 and a 52-week high of $41.10. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 25.32 and a beta of 0.53. The company’s 50 day moving average price is $40.74 and its 200-day moving average price is $40.06.

Global X S&P 500 Covered Call ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were given a dividend of $0.3412 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a yield of 10.2%.

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.