Global X SuperDividend ETF (NYSEARCA:SDIV) Sets New 12-Month Low – What’s Next?

Global X SuperDividend ETF (NYSEARCA:SDIV)’s stock price hit a new 52-week low on Monday . The stock traded as low as $20.28 and last traded at $20.38, with a volume of 104752 shares trading hands. The stock had previously closed at $20.37.

Global X SuperDividend ETF Trading Down 0.2 %

The stock has a fifty day simple moving average of $21.24 and a 200-day simple moving average of $22.03. The company has a market capitalization of $715.21 million, a PE ratio of 3.72 and a beta of 0.93.

Institutional Trading of Global X SuperDividend ETF

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in shares of Global X SuperDividend ETF in the second quarter valued at about $1,387,000. NewEdge Advisors LLC raised its stake in Global X SuperDividend ETF by 5.8% during the 2nd quarter. NewEdge Advisors LLC now owns 45,585 shares of the exchange traded fund’s stock valued at $1,004,000 after acquiring an additional 2,490 shares during the last quarter. Cetera Investment Advisers lifted its position in Global X SuperDividend ETF by 30.1% during the 2nd quarter. Cetera Investment Advisers now owns 43,761 shares of the exchange traded fund’s stock worth $964,000 after acquiring an additional 10,135 shares during the period. Founders Financial Alliance LLC lifted its position in Global X SuperDividend ETF by 10.5% during the 2nd quarter. Founders Financial Alliance LLC now owns 15,124 shares of the exchange traded fund’s stock worth $333,000 after acquiring an additional 1,431 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of Global X SuperDividend ETF by 384.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 35,963 shares of the exchange traded fund’s stock valued at $792,000 after purchasing an additional 28,543 shares during the last quarter.

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.