Lifeworks Advisors LLC has decreased its investment in the Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 26.7% during the second quarter of 2023. According to its latest 13F filing with the Securities and Exchange Commission (SEC), the institutional investor now holds 7,048 shares of the ETF after selling 2,562 shares in the reporting period. The remaining shares are valued at approximately $274,000.
Several other institutional investors have also adjusted their positions in the Global X S&P 500 Covered Call ETF. For instance, IFP Advisors Inc increased its stake by 6.8% during the first quarter, bringing its total to 4,352 shares valued at $172,000 after acquiring an additional 277 shares. Similarly, C2P Capital Advisory Group LLC, conducting business as Prosperity Capital Advisors, raised its holdings by 5.2% during the same quarter, now owning 6,412 shares worth $253,000 after buying an extra 316 shares.
AdvisorNet Financial Inc also made noteworthy adjustments, boosting its holdings in the ETF by 20.4% in the second quarter. Following this increase, AdvisorNet now possesses 1,894 shares valued at $74,000 after adding 321 shares. Additionally, Solutions 4 Wealth Ltd raised its investment by 4.8% in the first quarter, resulting in ownership of 8,516 shares valued at $336,000 after purchasing 391 more shares. First Heartland Consultants Inc increased its stake by 5.5%, now holding 8,336 shares worth $329,000 following a purchase of 435 shares.
Current Performance of Global X S&P 500 Covered Call ETF
The Global X S&P 500 Covered Call ETF opened at $39.83 on the most recent trading day. Over the past year, the ETF has seen a low of $34.53 and a high of $43.43. This exchange-traded fund boasts a market capitalization of approximately $3.05 billion, with a price-to-earnings (P/E) ratio of 25.32 and a beta of 0.53. The ETF’s fifty-day moving average stands at $39.33, while its 200-day moving average is $38.89.
About Global X S&P 500 Covered Call ETF
Launched on June 24, 2013, the Global X S&P 500 Covered Call ETF is designed to track the Cboe S&P 500 BuyWrite index. This fund comprises S&P 500 stocks and sells one-month, at-the-money call options on up to 100% of each stock held within the portfolio.
Investors interested in tracking the performance of the Global X S&P 500 Covered Call ETF can access the latest information and updates via reputable financial news sources and platforms.
