Global X Alternative Income ETF (NASDAQ:ALTY) Announces Dividend Increase – $0.08 Per Share

Global X Alternative Income ETF (NASDAQ:ALTY) announced a monthly dividend on Monday, May 4th, NASDAQ Dividends reports. Stockholders of record on Tuesday, May 5th will be given a dividend of 0.079 per share on Tuesday, May 12th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Tuesday, May 5th. This is a 0.9% increase from Global X Alternative Income ETF’s previous monthly dividend of $0.08.

Global X Alternative Income ETF Stock Down 0.4%

Shares of ALTY traded down $0.05 during mid-day trading on Tuesday, reaching $12.34. 8,211 shares of the stock traded hands, compared to its average volume of 21,790. The firm has a market cap of $44.18 million, a price-to-earnings ratio of 17.85 and a beta of 0.61. The stock has a fifty day simple moving average of $12.25 and a 200 day simple moving average of $12.12. Global X Alternative Income ETF has a 12-month low of $11.27 and a 12-month high of $12.58.

Institutional Trading of Global X Alternative Income ETF

A number of hedge funds have recently made changes to their positions in ALTY. Kingswood Wealth Advisors LLC grew its position in shares of Global X Alternative Income ETF by 273.1% during the third quarter. Kingswood Wealth Advisors LLC now owns 61,341 shares of the company’s stock worth $728,000 after buying an additional 44,899 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Global X Alternative Income ETF during the third quarter worth approximately $367,000. LPL Financial LLC grew its position in shares of Global X Alternative Income ETF by 5.4% during the fourth quarter. LPL Financial LLC now owns 414,192 shares of the company’s stock worth $4,941,000 after buying an additional 21,290 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Global X Alternative Income ETF during the fourth quarter worth approximately $234,000. Finally, Truist Financial Corp grew its position in shares of Global X Alternative Income ETF by 57.0% during the third quarter. Truist Financial Corp now owns 27,480 shares of the company’s stock worth $326,000 after buying an additional 9,973 shares in the last quarter.

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.