Global X Alternative Income ETF (ALTY) to Issue Monthly Dividend of $0.07 on April 10th

Global X Alternative Income ETF (NASDAQ:ALTY) announced a monthly dividend on Wednesday, April 2nd, NASDAQ Dividends reports. Shareholders of record on Thursday, April 3rd will be paid a dividend of 0.074 per share on Thursday, April 10th. This represents a $0.89 annualized dividend and a yield of 7.73%. The ex-dividend date of this dividend is Thursday, April 3rd.

Global X Alternative Income ETF Stock Performance

Shares of NASDAQ ALTY opened at $11.49 on Friday. Global X Alternative Income ETF has a fifty-two week low of $10.95 and a fifty-two week high of $12.19. The company has a market cap of $32.06 million, a price-to-earnings ratio of 19.52 and a beta of 0.99. The business’s 50 day moving average price is $11.85 and its 200-day moving average price is $11.88.

Institutional Trading of Global X Alternative Income ETF

A hedge fund recently raised its stake in Global X Alternative Income ETF stock. Bank of America Corp DE raised its stake in Global X Alternative Income ETF (NASDAQ:ALTY) by 60.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,446 shares of the company’s stock after buying an additional 3,188 shares during the period. Bank of America Corp DE owned about 0.30% of Global X Alternative Income ETF worth $98,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Global X Alternative Income ETF

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.