Envestnet Asset Management Inc. lowered its position in Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI – Free Report) by 2.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 117,260 shares of the company’s stock after selling 2,833 shares during the period. Envestnet Asset Management Inc.’s holdings in Global X S&P 500 Risk Managed Income ETF were worth $2,098,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC increased its holdings in shares of Global X S&P 500 Risk Managed Income ETF by 12.6% during the first quarter. Arete Wealth Advisors LLC now owns 29,321 shares of the company’s stock valued at $541,000 after acquiring an additional 3,271 shares in the last quarter. Founders Financial Alliance LLC grew its position in Global X S&P 500 Risk Managed Income ETF by 12.2% during the 1st quarter. Founders Financial Alliance LLC now owns 37,163 shares of the company’s stock worth $685,000 after purchasing an additional 4,048 shares during the last quarter. LPL Financial LLC increased its stake in Global X S&P 500 Risk Managed Income ETF by 1.4% during the 1st quarter. LPL Financial LLC now owns 301,190 shares of the company’s stock valued at $5,554,000 after purchasing an additional 4,140 shares in the last quarter. SteelPeak Wealth LLC raised its holdings in shares of Global X S&P 500 Risk Managed Income ETF by 12.0% in the second quarter. SteelPeak Wealth LLC now owns 45,225 shares of the company’s stock worth $809,000 after buying an additional 4,850 shares during the last quarter. Finally, Brookwood Investment Group LLC purchased a new position in shares of Global X S&P 500 Risk Managed Income ETF in the first quarter worth $276,000.
Global X S&P 500 Risk Managed Income ETF Stock Performance
Shares of XRMI opened at $17.79 on Tuesday. The stock has a 50-day moving average of $17.76 and a two-hundred day moving average of $17.78. The stock has a market cap of $43.59 million, a P/E ratio of 25.29 and a beta of 0.35. Global X S&P 500 Risk Managed Income ETF has a one year low of $17.38 and a one year high of $19.64.
About Global X S&P 500 Risk Managed Income ETF
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.
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