Global X SuperDividend REIT ETF (NASDAQ:SRET) Shares Up 0.5% – Here’s Why

Global X SuperDividend REIT ETF (NASDAQ:SRET) traded up 0.5% during mid-day trading on Wednesday . The stock traded as high as $21.86 and last traded at $21.83. 281,750 shares were traded during trading, an increase of 632% from the average session volume of 38,477 shares. The stock had previously closed at $21.73.

Global X SuperDividend REIT ETF Stock Performance

The firm has a market capitalization of $204.98 million, a PE ratio of 16.47 and a beta of 0.93. The stock’s 50 day simple moving average is $21.75 and its two-hundred day simple moving average is $21.52.

Global X SuperDividend REIT ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, December 3rd were paid a dividend of $0.145 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a c) dividend on an annualized basis and a yield of 8.0%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new position in shares of Global X SuperDividend REIT ETF during the 2nd quarter valued at about $26,000. Founders Financial Alliance LLC raised its stake in Global X SuperDividend REIT ETF by 23.9% during the third quarter. Founders Financial Alliance LLC now owns 2,586 shares of the company’s stock worth $56,000 after purchasing an additional 499 shares during the period. AE Wealth Management LLC boosted its holdings in Global X SuperDividend REIT ETF by 30.6% in the 2nd quarter. AE Wealth Management LLC now owns 3,529 shares of the company’s stock valued at $75,000 after purchasing an additional 826 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Global X SuperDividend REIT ETF in the 2nd quarter valued at about $157,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Global X SuperDividend REIT ETF in the 1st quarter valued at approximately $210,000.

Global X SuperDividend REIT ETF Company Profile

The Global X SuperDividend REIT ETF (SRET) is an exchange-traded fund that is based on the Solactive Global Superdividend REIT index. The fund tracks an equal-weighted index of global REITs, choosing 30 high-yield, low-volatility companies. SRET was launched on Mar 17, 2015 and is managed by Global X.