Flaharty Asset Management LLC Sells 9,422 Shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)

Flaharty Asset Management LLC cut its position in shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) by 12.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,847 shares of the company’s stock after selling 9,422 shares during the period. Global X S&P 500 Covered Call ETF comprises about 0.5% of Flaharty Asset Management LLC’s investment portfolio, making the stock its 28th largest position. Flaharty Asset Management LLC’s holdings in Global X S&P 500 Covered Call ETF were worth $2,662,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Fortis Capital Advisors LLC bought a new stake in shares of Global X S&P 500 Covered Call ETF during the fourth quarter valued at approximately $30,000. Coastal Investment Advisors Inc. bought a new stake in Global X S&P 500 Covered Call ETF in the second quarter valued at $39,000. Roffman Miller Associates Inc. PA bought a new stake in Global X S&P 500 Covered Call ETF in the second quarter valued at $41,000. Tower Research Capital LLC TRC bought a new stake in Global X S&P 500 Covered Call ETF in the third quarter valued at $41,000. Finally, Bank of Montreal Can bought a new stake in Global X S&P 500 Covered Call ETF in the second quarter valued at $60,000.

Global X S&P 500 Covered Call ETF Stock Down 0.1 %

NYSEARCA:XYLD traded down $0.05 during trading hours on Tuesday, reaching $38.76. The company had a trading volume of 393,195 shares, compared to its average volume of 552,467. The stock has a 50-day moving average of $39.00 and a two-hundred day moving average of $40.17. Global X S&P 500 Covered Call ETF has a one year low of $37.49 and a one year high of $41.54. The firm has a market capitalization of $2.78 billion, a PE ratio of 18.46 and a beta of 0.72.

About Global X S&P 500 Covered Call ETF

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.