Global X SuperDividend ETF (NYSEARCA:SDIV) Hits New 1-Year Low – Should You Sell?

Global X SuperDividend ETF (NYSEARCA:SDIV – Get Free Report) hit a new 52-week low during trading on Monday. The stock traded as low as $22.57 and last traded at $22.7130, with a volume of 48,105 shares traded. The stock had previously closed at $22.73.

Global X SuperDividend ETF Stock Performance

The company has a 50-day simple moving average of $24.10 and a two-hundred day simple moving average of $24.95. The firm has a market capitalization of $1.12 billion, a P/E ratio of 8.00 and a beta of 0.73.

Hedge Funds Weigh In On Global X SuperDividend ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Eagle Strategies LLC increased its position in shares of Global X SuperDividend ETF by 9.1% during the 3rd quarter. Eagle Strategies LLC now owns 10,536 shares of the exchange traded fund’s stock valued at $246,000 after purchasing an additional 880 shares during the last quarter. Triumph Capital Management boosted its position in shares of Global X SuperDividend ETF by 3.9% in the second quarter. Triumph Capital Management now owns 28,033 shares of the exchange traded fund’s stock worth $685,000 after purchasing an additional 1,041 shares during the period. Western Wealth Management LLC boosted its position in shares of Global X SuperDividend ETF by 8.9% in the first quarter. Western Wealth Management LLC now owns 12,895 shares of the exchange traded fund’s stock worth $326,000 after purchasing an additional 1,056 shares during the period. Trust Co. of Vermont purchased a new stake in shares of Global X SuperDividend ETF in the second quarter worth $29,000. Finally, NFSG Corp increased its stake in shares of Global X SuperDividend ETF by 1.1% in the first quarter. NFSG Corp now owns 137,181 shares of the exchange traded fund’s stock worth $3,465,000 after purchasing an additional 1,509 shares in the last quarter.

Global X SuperDividend ETF Company Profile

(Get Free Report)

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.

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