Global X SuperDividend ETF (NYSEARCA:SDIV) Sees Large Volume Increase – Here’s Why

Shares of Global X SuperDividend ETF (NYSEARCA:SDIV) saw strong trading volume on Monday . 270,260 shares were traded during mid-day trading, a decline of 29% from the previous session’s volume of 380,639 shares.The stock last traded at $24.2040 and had previously closed at $24.29.

Global X SuperDividend ETF Trading Down 0.5%

The business’s 50-day simple moving average is $23.99 and its two-hundred day simple moving average is $23.59. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 8.00 and a beta of 0.85.

Institutional Trading of Global X SuperDividend ETF

Large investors have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC grew its holdings in Global X SuperDividend ETF by 115,987.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 12,402,814 shares of the exchange traded fund’s stock worth $268,155,000 after purchasing an additional 12,392,130 shares during the period. Howard Capital Management Inc. acquired a new stake in shares of Global X SuperDividend ETF in the 2nd quarter valued at about $15,373,000. Signal Advisors Wealth LLC increased its position in Global X SuperDividend ETF by 723.0% in the 2nd quarter. Signal Advisors Wealth LLC now owns 528,346 shares of the exchange traded fund’s stock valued at $11,914,000 after buying an additional 464,151 shares in the last quarter. Synergy Asset Management LLC acquired a new position in Global X SuperDividend ETF during the 2nd quarter worth approximately $1,973,000. Finally, Envestnet Asset Management Inc. raised its stake in Global X SuperDividend ETF by 96.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 126,794 shares of the exchange traded fund’s stock worth $3,041,000 after buying an additional 62,413 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.