Global X SuperDividend ETF (NYSEARCA:SDIV) Hits New 12-Month Low – Here’s What Happened

Global X SuperDividend ETF (NYSEARCA:SDIV)’s share price reached a new 52-week low during trading on Tuesday. The company traded as low as $21.93 and last traded at $21.9650, with a volume of 164,264 shares traded. The stock had previously closed at $22.29.

Global X SuperDividend ETF Stock Up 0.2%

The company has a market capitalization of $1.07 billion, a PE ratio of 8.82 and a beta of 0.76. The company has a 50-day moving average price of $23.67 and a two-hundred day moving average price of $24.82.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SDIV. Private Advisor Group LLC bought a new stake in Global X SuperDividend ETF during the third quarter valued at approximately $2,400,000. HighTower Advisors LLC bought a new position in shares of Global X SuperDividend ETF in the 3rd quarter worth $534,000. Western Wealth Management LLC increased its holdings in shares of Global X SuperDividend ETF by 4.1% in the 3rd quarter. Western Wealth Management LLC now owns 13,486 shares of the exchange traded fund’s stock worth $315,000 after buying an additional 537 shares during the last quarter. Harbour Investments Inc. purchased a new stake in shares of Global X SuperDividend ETF during the 3rd quarter valued at $182,000. Finally, M Holdings Securities Inc. purchased a new stake in shares of Global X SuperDividend ETF during the 3rd quarter valued at $746,000.

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.