Global X SuperDividend ETF (NYSEARCA:SDIV) Reaches New 1-Year Low – What’s Next?

Global X SuperDividend ETF (NYSEARCA:SDIV) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $22.75 and last traded at $22.9960, with a volume of 252,766 shares. The stock had previously closed at $24.23.

Global X SuperDividend ETF Trading Down 4.8%

The stock has a market capitalization of $1.14 billion, a PE ratio of 8.00 and a beta of 0.73. The stock has a 50 day moving average price of $24.29 and a 200-day moving average price of $24.78.

Institutional Trading of Global X SuperDividend ETF

A number of large investors have recently added to or reduced their stakes in the company. Foguth Wealth Management LLC. boosted its stake in shares of Global X SuperDividend ETF by 219.8% during the 1st quarter. Foguth Wealth Management LLC. now owns 1,266,289 shares of the exchange traded fund’s stock worth $31,771,000 after purchasing an additional 870,372 shares during the period. Bank of America Corp DE raised its holdings in shares of Global X SuperDividend ETF by 6.8% in the first quarter. Bank of America Corp DE now owns 533,786 shares of the exchange traded fund’s stock worth $13,483,000 after buying an additional 33,929 shares during the last quarter. Fifth Third Securities Inc. acquired a new stake in shares of Global X SuperDividend ETF during the third quarter worth about $4,605,000. Envestnet Asset Management Inc. raised its holdings in shares of Global X SuperDividend ETF by 9.9% during the second quarter. Envestnet Asset Management Inc. now owns 187,120 shares of the exchange traded fund’s stock worth $4,573,000 after purchasing an additional 16,824 shares during the last quarter. Finally, NFSG Corp grew its holdings in Global X SuperDividend ETF by 1.1% during the first quarter. NFSG Corp now owns 137,181 shares of the exchange traded fund’s stock worth $3,465,000 after acquiring an additional 1,509 shares during the period.

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.