Global X SuperDividend ETF (NYSEARCA:SDIV) Stock Passes Above Fifty Day Moving Average of $22.17

Global X SuperDividend ETF (NYSEARCA:SDIV)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $22.17 and traded as high as $22.19. Global X SuperDividend ETF shares last traded at $22.03, with a volume of 229,742 shares trading hands.

Global X SuperDividend ETF Stock Down 0.4 %

The company has a 50-day moving average price of $22.21 and a 200-day moving average price of $21.85. The company has a market capitalization of $771.85 million, a price-to-earnings ratio of 3.72 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SDIV. International Assets Investment Management LLC bought a new position in shares of Global X SuperDividend ETF during the fourth quarter worth $7,124,000. LPL Financial LLC increased its stake in shares of Global X SuperDividend ETF by 20.3% during the 3rd quarter. LPL Financial LLC now owns 529,282 shares of the exchange traded fund’s stock worth $11,597,000 after purchasing an additional 89,240 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Global X SuperDividend ETF by 88.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 103,831 shares of the exchange traded fund’s stock valued at $2,248,000 after buying an additional 48,804 shares during the last quarter. Waterloo Capital L.P. acquired a new position in Global X SuperDividend ETF in the 4th quarter valued at about $733,000. Finally, PFG Investments LLC acquired a new position in Global X SuperDividend ETF in the 1st quarter valued at about $650,000.

Global X SuperDividend ETF Company Profile

The Global X SuperDividend ETF (SDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equal-weighted index of 100 global securities with high yields. SDIV was launched on Jun 8, 2011 and is managed by Global X.