Global X Alternative Income ETF (NASDAQ:ALTY) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. reduced its position in Global X Alternative Income ETF (NASDAQ:ALTY) by 18.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,152 shares of the company’s stock after selling 4,328 shares during the period. Kovack Advisors Inc.’s holdings in Global X Alternative Income ETF were worth $231,000 at the end of the most recent quarter.

Global X Alternative Income ETF Price Performance

Global X Alternative Income ETF stock opened at $11.85 on Friday. The company has a market cap of $34.13 million, a PE ratio of 15.21 and a beta of 0.99. Global X Alternative Income ETF has a 12 month low of $10.87 and a 12 month high of $12.12. The company has a fifty day moving average price of $11.94 and a two-hundred day moving average price of $11.63.

Global X Alternative Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were paid a $0.073 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.88 annualized dividend and a dividend yield of 7.39%.

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.