Northwestern Mutual Wealth Management Co. Trims Position in Global X SuperDividend U.S. ETF $DIV

Northwestern Mutual Wealth Management Co. lessened its stake in shares of Global X SuperDividend U.S. ETF (NYSEARCA:DIV) by 79.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,140 shares of the company’s stock after selling 203,790 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.14% of Global X SuperDividend U.S. ETF worth $886,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Kingdom Financial Group LLC. purchased a new position in shares of Global X SuperDividend U.S. ETF during the 4th quarter worth $218,000. Sherry Group Inc. purchased a new position in shares of Global X SuperDividend U.S. ETF during the 4th quarter worth $1,878,000. World Investment Advisors purchased a new position in shares of Global X SuperDividend U.S. ETF during the 4th quarter worth $315,000. Indivisible Partners purchased a new position in shares of Global X SuperDividend U.S. ETF during the 4th quarter worth $243,000. Finally, SBI Securities Co. Ltd. increased its position in shares of Global X SuperDividend U.S. ETF by 8.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 7,047 shares of the company’s stock worth $122,000 after purchasing an additional 546 shares during the last quarter.

Global X SuperDividend U.S. ETF Trading Down 0.3%

Shares of NYSEARCA:DIV opened at $18.92 on Tuesday. The business has a 50-day moving average price of $19.18 and a 200 day moving average price of $18.65. The company has a market capitalization of $727.47 million, a price-to-earnings ratio of 11.57 and a beta of 0.59. Global X SuperDividend U.S. ETF has a 12-month low of $16.84 and a 12-month high of $19.76.

Global X SuperDividend U.S. ETF Profile

The Global X SuperDividend U.S. ETF (DIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equally weighted index of 50 high-dividend, low-volatility securities. DIV was launched on Mar 11, 2013 and is managed by Global X.