Founders Financial Alliance LLC Increases Stock Position in Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI)

Founders Financial Alliance LLC raised its holdings in Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) by 33.6% during the 4th quarter, Holdings Channel reports. The firm owned 19,334 shares of the company’s stock after purchasing an additional 4,858 shares during the quarter. Founders Financial Alliance LLC’s holdings in Global X S&P 500 Risk Managed Income ETF were worth $365,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Principal Securities Inc. acquired a new position in shares of Global X S&P 500 Risk Managed Income ETF in the fourth quarter valued at approximately $1,083,000. Kingsview Wealth Management LLC acquired a new position in shares of Global X S&P 500 Risk Managed Income ETF in the third quarter valued at approximately $268,000. Finally, Private Trust Co. NA acquired a new position in shares of Global X S&P 500 Risk Managed Income ETF in the fourth quarter valued at approximately $62,000.

Global X S&P 500 Risk Managed Income ETF Stock Up 0.5 %

Shares of NYSEARCA:XRMI traded up $0.10 during trading on Friday, reaching $18.79. The stock had a trading volume of 19,580 shares, compared to its average volume of 13,498. The business has a fifty day moving average price of $19.03 and a 200-day moving average price of $19.02. The stock has a market cap of $33.63 million, a P/E ratio of 19.00 and a beta of 0.36. Global X S&P 500 Risk Managed Income ETF has a fifty-two week low of $18.38 and a fifty-two week high of $20.60.

Global X S&P 500 Risk Managed Income ETF Company 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.