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What does GLCC stand for?

Find the latest Horizons Gold Producer Equity Covered Call ETF (GLCC.TO) stock quote, history, news and other vital information to help you with your stock trading and investing.

What is Horizons gold producer equity covered call ETF (GLCC)?

Effective June 24, 2022, the investment objectives of the Horizons Gold Producer Equity Covered Call ETF (“GLCC”) (formerly Horizons Enhanced Income Gold Producers ETF (“HEP”)) were changed following receipt of the required unitholder and regulatory approvals. The ETF traded under its new fund name and ticker symbol on June 27, 2022.

Does GLCC invest in gold stocks?

GLCC invests in the largest gold-producing stocks in North America through an equal-weighted approach. Although gold as a commodity does not pay investors a yield, stocks of companies involved with gold production or extraction typically pay investors a good dividend yield.

What is the XLC ETF?

It has a weighted average market capitalization of $623.79 billion and an average yearly return of ~5.79%. The XLC ETF comprises 26 companies, all of which are located in the United States. Regarding sector diversification, 59.53% of the companies are from the internet sector, with 18.04% of the constituents from broadcasting.

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