Newbridge Financial Services Group Inc. Sells 13,191 Shares of Global X S&P 500 Covered Call ETF $XYLD

Newbridge Financial Services Group Inc. lowered its position in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 8.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 134,200 shares of the company’s stock after selling 13,191 shares during the period. Global X S&P 500 Covered Call ETF makes up 0.8% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its 29th largest holding. Newbridge Financial Services Group Inc.’s holdings in Global X S&P 500 Covered Call ETF were worth $5,453,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. MGB Wealth Management LLC bought a new stake in shares of Global X S&P 500 Covered Call ETF in the 2nd quarter worth approximately $26,000. Activest Wealth Management bought a new stake in shares of Global X S&P 500 Covered Call ETF in the 3rd quarter worth approximately $39,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Global X S&P 500 Covered Call ETF in the 3rd quarter worth approximately $52,000. Farther Finance Advisors LLC bought a new stake in shares of Global X S&P 500 Covered Call ETF in the 3rd quarter worth approximately $58,000. Finally, Caitlin John LLC bought a new stake in shares of Global X S&P 500 Covered Call ETF in the 3rd quarter worth approximately $94,000.

Global X S&P 500 Covered Call ETF Trading Up 0.3%

Shares of XYLD stock opened at $39.49 on Tuesday. The company has a market capitalization of $3.05 billion, a P/E ratio of 25.32 and a beta of 0.53. Global X S&P 500 Covered Call ETF has a 12 month low of $34.53 and a 12 month high of $41.10. The stock has a 50 day moving average of $40.21 and a two-hundred day moving average of $40.14.

Global X S&P 500 Covered Call ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Monday, February 23rd were given a dividend of $0.3412 per share. This represents a c) annualized dividend and a dividend yield of 10.4%. The ex-dividend date was Monday, February 23rd.

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.