LPL Financial LLC lifted its holdings in Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI – Free Report) by 1.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 301,190 shares of the company’s stock after acquiring an additional 4,140 shares during the period. LPL Financial LLC owned 0.12% of Global X S&P 500 Risk Managed Income ETF worth $5,554,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in XRMI. Cetera Investment Advisers boosted its stake in Global X S&P 500 Risk Managed Income ETF by 1.9% in the 4th quarter. Cetera Investment Advisers now owns 107,685 shares of the company’s stock worth $2,078,000 after purchasing an additional 1,972 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Global X S&P 500 Risk Managed Income ETF by 11.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 99,672 shares of the company’s stock worth $1,924,000 after acquiring an additional 9,856 shares during the last quarter. Brookwood Investment Group LLC bought a new position in shares of Global X S&P 500 Risk Managed Income ETF during the first quarter worth $276,000. Finally, Kingsview Wealth Management LLC bought a new position in shares of Global X S&P 500 Risk Managed Income ETF during the first quarter worth $1,455,000.
Global X S&P 500 Risk Managed Income ETF Stock Performance
Shares of NYSEARCA:XRMI opened at $17.86 on Wednesday. The firm has a fifty day moving average price of $17.83 and a 200 day moving average price of $18.23. Global X S&P 500 Risk Managed Income ETF has a fifty-two week low of $17.38 and a fifty-two week high of $19.64. The firm has a market cap of $45.01 million, a price-to-earnings ratio of 25.29 and a beta of 0.35.
Global X S&P 500 Risk Managed Income ETF Profile
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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