Providence Capital Advisors LLC Reduces Stake in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

Providence Capital Advisors LLC reduced its position in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 33.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,630 shares of the company’s stock after selling 810 shares during the quarter. Providence Capital Advisors LLC’s holdings in Global X S&P 500 Covered Call ETF were worth $66,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Chilton Capital Management LLC acquired a new stake in Global X S&P 500 Covered Call ETF in the 1st quarter valued at about $25,000. Mather Group LLC. acquired a new position in Global X S&P 500 Covered Call ETF in the second quarter valued at $33,000. PNC Financial Services Group Inc. acquired a new position in Global X S&P 500 Covered Call ETF in the fourth quarter valued at $36,000. Concourse Financial Group Securities Inc. increased its stake in Global X S&P 500 Covered Call ETF by 121.3% in the second quarter. Concourse Financial Group Securities Inc. now owns 1,328 shares of the company’s stock valued at $54,000 after purchasing an additional 728 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in Global X S&P 500 Covered Call ETF in the second quarter valued at $59,000.

Global X S&P 500 Covered Call ETF Stock Performance

NYSEARCA XYLD opened at $41.36 on Tuesday. The firm has a market cap of $2.90 billion, a PE ratio of 20.31 and a beta of 0.44. The firm’s fifty day moving average is $40.67 and its two-hundred day moving average is $40.49. Global X S&P 500 Covered Call ETF has a one year low of $37.49 and a one year high of $41.65.

Global X S&P 500 Covered Call ETF Company 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.