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

Global X SuperDividend ETF (NYSEARCA:SDIV) shares hit a new 52-week low during trading on Monday . The stock traded as low as $20.28 and last traded at $20.38, with a volume of 104752 shares. The stock had previously closed at $20.37.

Global X SuperDividend ETF Stock Performance

The company has a 50-day simple moving average of $21.19 and a two-hundred day simple moving average of $22.01. The firm has a market capitalization of $727.52 million, a P/E ratio of 3.72 and a beta of 0.93.

Institutional Investors Weigh In On Global X SuperDividend ETF

Several hedge funds have recently made changes to their positions in SDIV. Howe & Rusling Inc. purchased a new stake in Global X SuperDividend ETF in the third quarter worth about $35,000. FMR LLC boosted its position in shares of Global X SuperDividend ETF by 151.4% in the 3rd quarter. FMR LLC now owns 1,556 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 937 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Global X SuperDividend ETF by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,266 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 712 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of Global X SuperDividend ETF in the 3rd quarter worth approximately $177,000. Finally, Founders Financial Alliance LLC increased its position in Global X SuperDividend ETF by 10.5% during the 2nd quarter. Founders Financial Alliance LLC now owns 15,124 shares of the exchange traded fund’s stock valued at $333,000 after buying an additional 1,431 shares in the last quarter.

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.