Kovack Advisors Inc. Reduces Holdings in Global X Alternative Income ETF (NASDAQ:ALTY)

Kovack Advisors Inc. lowered its position in Global X Alternative Income ETF (NASDAQ:ALTY) by 18.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,152 shares of the company’s stock after selling 4,328 shares during the period. Kovack Advisors Inc. owned 0.67% of Global X Alternative Income ETF worth $231,000 as of its most recent SEC filing.

Global X Alternative Income ETF Stock Down 0.4 %

Global X Alternative Income ETF stock opened at $11.85 on Friday. The company has a market capitalization of $34.13 million, a P/E ratio of 15.21 and a beta of 0.99. Global X Alternative Income ETF has a twelve month low of $10.87 and a twelve month high of $12.12. The stock’s 50 day moving average is $11.94 and its 200 day moving average is $11.63.

Global X Alternative Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were given a dividend of $0.073 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.88 dividend on an annualized basis and a yield of 7.39%.

Global X Alternative Income ETF Profile

The Global X Alternative Income ETF (ALTY) is an exchange-traded fund that is based on the Indxx SuperDividend Alternatives index. The fund tracks an index consisting of a variety of assets such as equity, debt securities and covered calls. Selected based on high dividend yield and low volatility. ALTY was launched on Jul 14, 2015 and is managed by Global X.