Bangor Savings Bank Takes Position in Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

Bangor Savings Bank purchased a new position in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 40,862 shares of the company’s stock, valued at approximately $1,677,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fortis Capital Advisors LLC bought a new position in Global X S&P 500 Covered Call ETF during the fourth quarter worth about $30,000. Tower Research Capital LLC TRC bought a new position in Global X S&P 500 Covered Call ETF in the 3rd quarter worth approximately $41,000. Bank of Montreal Can bought a new position in Global X S&P 500 Covered Call ETF in the 2nd quarter worth approximately $60,000. Aptus Capital Advisors LLC grew its stake in Global X S&P 500 Covered Call ETF by 26.9% in the 1st quarter. Aptus Capital Advisors LLC now owns 1,747 shares of the company’s stock valued at $71,000 after buying an additional 370 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC raised its holdings in Global X S&P 500 Covered Call ETF by 126.4% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 2,223 shares of the company’s stock valued at $90,000 after acquiring an additional 1,241 shares during the period.

Global X S&P 500 Covered Call ETF Price Performance

Shares of NYSEARCA:XYLD traded down $0.14 during trading on Friday, hitting $40.30. 124,984 shares of the company were exchanged, compared to its average volume of 559,959. The company has a market cap of $2.89 billion, a PE ratio of 18.46 and a beta of 0.72. Global X S&P 500 Covered Call ETF has a 52-week low of $37.28 and a 52-week high of $41.54. The stock has a 50 day moving average of $40.76 and a 200 day moving average of $40.62.

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.