Global X SuperDividend ETF (NYSEARCA:SDIV) Reaches New 12-Month High – Here’s Why

Global X SuperDividend ETF (NYSEARCA:SDIV)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $26.44 and last traded at $26.3350, with a volume of 1888013 shares trading hands. The stock had previously closed at $26.23.

Global X SuperDividend ETF Stock Up 0.4%

The stock has a market cap of $1.22 billion, a P/E ratio of 8.00 and a beta of 0.85. The business has a 50 day moving average price of $25.34 and a two-hundred day moving average price of $24.36.

Global X SuperDividend ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, February 4th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 4th. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%.

Institutional Trading of Global X SuperDividend ETF

A number of large investors have recently made changes to their positions in SDIV. KERR FINANCIAL PLANNING Corp bought a new position in shares of Global X SuperDividend ETF during the 3rd quarter valued at approximately $25,000. Advocate Investing Services LLC bought a new position in Global X SuperDividend ETF in the 4th quarter worth about $26,000. Total Investment Management Inc. purchased a new position in shares of Global X SuperDividend ETF during the second quarter valued at $34,000. MAI Capital Management increased its position in Global X SuperDividend ETF by 51,150.0% during the 2nd quarter. MAI Capital Management now owns 2,050 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 2,046 shares during the period. Finally, CWM LLC lifted its position in shares of Global X SuperDividend ETF by 794.7% in the 2nd quarter. CWM LLC now owns 2,174 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 1,931 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.