Iron Horse Wealth Management LLC Purchases 1,470 Shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

Iron Horse Wealth Management LLC boosted its holdings in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 9.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,234 shares of the company’s stock after buying an additional 1,470 shares during the quarter. Global X S&P 500 Covered Call ETF makes up approximately 0.2% of Iron Horse Wealth Management LLC’s investment portfolio, making the stock its 21st largest position. Iron Horse Wealth Management LLC’s holdings in Global X S&P 500 Covered Call ETF were worth $715,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in XYLD. Chilton Capital Management LLC bought a new stake in shares of Global X S&P 500 Covered Call ETF in the 1st quarter valued at about $25,000. Mather Group LLC. bought a new position in Global X S&P 500 Covered Call ETF in the 2nd quarter worth about $33,000. PNC Financial Services Group Inc. purchased a new position in shares of Global X S&P 500 Covered Call ETF during the fourth quarter worth about $36,000. Concourse Financial Group Securities Inc. raised its position in shares of Global X S&P 500 Covered Call ETF by 121.3% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 1,328 shares of the company’s stock valued at $54,000 after buying an additional 728 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Global X S&P 500 Covered Call ETF in the 2nd quarter worth about $59,000.

Global X S&P 500 Covered Call ETF Price Performance

Global X S&P 500 Covered Call ETF stock traded down $0.13 during mid-day trading on Wednesday, hitting $41.31. The company’s stock had a trading volume of 100,724 shares, compared to its average volume of 420,555. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 20.31 and a beta of 0.44. Global X S&P 500 Covered Call ETF has a 12 month low of $37.49 and a 12 month high of $41.92. The business has a 50 day moving average price of $41.32 and a 200-day moving average price of $40.64.

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.