Newbridge Financial Services Group Inc. Has $5.45 Million Stock Position in Global X S&P 500 Covered Call ETF $XYLD

Newbridge Financial Services Group Inc. lowered its holdings in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 8.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 134,200 shares of the company’s stock after selling 13,191 shares during the quarter. Global X S&P 500 Covered Call ETF accounts for about 0.8% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its 29th largest position. Newbridge Financial Services Group Inc. owned about 0.17% of Global X S&P 500 Covered Call ETF worth $5,453,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sumitomo Life Insurance Co. acquired a new stake in Global X S&P 500 Covered Call ETF in the 3rd quarter valued at approximately $67,135,000. Ameriprise Financial Inc. grew its holdings in Global X S&P 500 Covered Call ETF by 15.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,692,576 shares of the company’s stock valued at $66,507,000 after buying an additional 229,004 shares during the last quarter. Global X Japan Co. Ltd. grew its holdings in Global X S&P 500 Covered Call ETF by 17.8% in the 3rd quarter. Global X Japan Co. Ltd. now owns 990,048 shares of the company’s stock valued at $38,869,000 after buying an additional 149,287 shares during the last quarter. Brookstone Capital Management grew its holdings in Global X S&P 500 Covered Call ETF by 2.2% in the 4th quarter. Brookstone Capital Management now owns 827,203 shares of the company’s stock valued at $33,609,000 after buying an additional 17,545 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Global X S&P 500 Covered Call ETF by 22.1% in the 2nd quarter. Osaic Holdings Inc. now owns 732,266 shares of the company’s stock valued at $28,515,000 after buying an additional 132,573 shares during the last quarter.

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

Shares of XYLD stock opened at $39.49 on Tuesday. 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 has a 12 month low of $34.53 and a 12 month high of $41.10. 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 Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were given a $0.3412 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%.

Global X S&P 500 Covered Call ETF 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.