Global X SuperDividend ETF (NYSEARCA:SDIV) Sees Strong Trading Volume – Still a Buy?

Global X SuperDividend ETF (NYSEARCA:SDIV) shares saw strong trading volume on Monday . 420,674 shares traded hands during mid-day trading, a decline of 28% from the previous session’s volume of 580,400 shares.The stock last traded at $24.64 and had previously closed at $24.81.

Global X SuperDividend ETF Price Performance

The company has a market cap of $1.21 billion, a PE ratio of 8.00 and a beta of 0.72. The business’s 50 day moving average is $24.63 and its 200-day moving average is $25.26.

Hedge Funds Weigh In On Global X SuperDividend ETF

Several large investors have recently bought and sold shares of SDIV. Foguth Wealth Management LLC. raised its stake in 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 acquiring an additional 870,372 shares in the last quarter. AE Wealth Management LLC increased its position in shares of Global X SuperDividend ETF by 517.2% during the fourth quarter. AE Wealth Management LLC now owns 124,899 shares of the exchange traded fund’s stock worth $3,001,000 after purchasing an additional 104,663 shares in the last quarter. LPL Financial LLC increased its position in shares of Global X SuperDividend ETF by 10.1% during the fourth quarter. LPL Financial LLC now owns 1,019,626 shares of the exchange traded fund’s stock worth $24,502,000 after purchasing an additional 93,821 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Global X SuperDividend ETF by 48.3% in the 4th quarter. Principal Securities Inc. now owns 275,101 shares of the exchange traded fund’s stock valued at $6,611,000 after purchasing an additional 89,635 shares during the last quarter. Finally, Potomac Fund Management Inc. ADV boosted its position in shares of Global X SuperDividend ETF by 15.8% in the 4th quarter. Potomac Fund Management Inc. ADV now owns 584,970 shares of the exchange traded fund’s stock valued at $14,057,000 after purchasing an additional 80,000 shares during the period.

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.