Global X SuperDividend ETF (NYSEARCA:SDIV) Sees Unusually-High Trading Volume – Time to Buy?

Global X SuperDividend ETF (NYSEARCA:SDIV) saw an uptick in trading volume on Tuesday . 143,794 shares changed hands during trading, a decline of 37% from the previous session’s volume of 229,931 shares.The stock last traded at $21.01 and had previously closed at $21.12.

Global X SuperDividend ETF Stock Down 0.9 %

The business has a 50-day moving average of $21.07 and a 200-day moving average of $21.94. The stock has a market cap of $736.49 million, a price-to-earnings ratio of 3.72 and a beta of 0.93.

Institutional Investors Weigh In On Global X SuperDividend ETF

Large investors have recently made changes to their positions in the company. Howe & Rusling Inc. bought a new position in shares of Global X SuperDividend ETF in the 3rd quarter valued at approximately $35,000. FMR LLC raised its stake in Global X SuperDividend ETF by 151.4% during the 3rd quarter. FMR LLC now owns 1,556 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 937 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Global X SuperDividend ETF by 45.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,266 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 712 shares during the period. Crews Bank & Trust acquired a new stake in Global X SuperDividend ETF during the fourth quarter worth about $75,000. Finally, National Bank of Canada FI bought a new position in Global X SuperDividend ETF during the third quarter valued at about $177,000.

About Global X SuperDividend ETF

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.