Global X SuperDividend ETF (NYSEARCA:SDIV) Sees Unusually-High Trading Volume – What’s Next?

Global X SuperDividend ETF (NYSEARCA:SDIV) saw strong trading volume on Monday . 270,260 shares changed hands during mid-day trading, a decline of 29% from the previous session’s volume of 380,639 shares.The stock last traded at $24.2040 and had previously closed at $24.29.

Global X SuperDividend ETF Trading Down 0.5%

The business has a fifty day moving average of $23.99 and a 200-day moving average of $23.59. The firm has a market cap of $1.03 billion, a PE ratio of 8.00 and a beta of 0.85.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SDIV. Mirae Asset Global Investments Co. Ltd. bought a new stake in Global X SuperDividend ETF during the second quarter valued at approximately $86,000. Fiduciary Alliance LLC purchased a new position in Global X SuperDividend ETF in the third quarter worth $602,000. Cetera Investment Advisers increased its stake in Global X SuperDividend ETF by 18.9% in the second quarter. Cetera Investment Advisers now owns 103,842 shares of the exchange traded fund’s stock valued at $2,342,000 after acquiring an additional 16,496 shares during the last quarter. Kingstone Capital Partners Texas LLC raised its position in Global X SuperDividend ETF by 115,987.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 12,402,814 shares of the exchange traded fund’s stock valued at $268,155,000 after purchasing an additional 12,392,130 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new stake in Global X SuperDividend ETF during the second quarter worth about $1,973,000.

Global X SuperDividend ETF Company Profile

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.