740,544 Shares in Global X S&P 500 Risk Managed Income ETF $XRMI Acquired by Foguth Wealth Management LLC.

Foguth Wealth Management LLC. purchased a new stake in shares of Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 740,544 shares of the company’s stock, valued at approximately $12,741,000. Global X S&P 500 Risk Managed Income ETF makes up 1.3% of Foguth Wealth Management LLC.’s investment portfolio, making the stock its 27th biggest position. Foguth Wealth Management LLC. owned 20.57% of Global X S&P 500 Risk Managed Income ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers raised its position in Global X S&P 500 Risk Managed Income ETF by 24.9% in the 1st quarter. Cetera Investment Advisers now owns 188,730 shares of the company’s stock valued at $3,190,000 after buying an additional 37,678 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Global X S&P 500 Risk Managed Income ETF by 21.5% during the second quarter. Envestnet Asset Management Inc. now owns 177,835 shares of the company’s stock valued at $3,057,000 after purchasing an additional 31,462 shares during the period. Tactive Advisors LLC grew its stake in shares of Global X S&P 500 Risk Managed Income ETF by 6.3% during the 2nd quarter. Tactive Advisors LLC now owns 33,893 shares of the company’s stock worth $583,000 after acquiring an additional 1,999 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Global X S&P 500 Risk Managed Income ETF in the second quarter worth about $207,000.

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

Shares of NYSEARCA:XRMI traded down $0.11 during trading on Monday, hitting $17.09. 9,102 shares of the company were exchanged, compared to its average volume of 19,622. The stock has a 50 day moving average of $17.33 and a 200 day moving average of $17.25. The company has a market cap of $61.52 million, a PE ratio of 25.29 and a beta of 0.35. Global X S&P 500 Risk Managed Income ETF has a 52-week low of $16.73 and a 52-week high of $18.08.

Global X S&P 500 Risk Managed Income ETF Company 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. XRMI was launched on Aug 25, 2021 and is managed by Global X.