Global X SuperDividend REIT ETF (NASDAQ:SRET) Trading 0.4% Higher – Here’s What Happened

Global X SuperDividend REIT ETF (NASDAQ:SRET) shares traded up 0.4% on Wednesday . The company traded as high as $21.23 and last traded at $21.14. 12,591 shares were traded during trading, a decline of 77% from the average session volume of 53,963 shares. The stock had previously closed at $21.05.

Global X SuperDividend REIT ETF Stock Performance

The company has a 50-day moving average of $22.42 and a 200-day moving average of $21.99. The stock has a market capitalization of $229.58 million, a price-to-earnings ratio of 16.47 and a beta of 0.93.

Global X SuperDividend REIT ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.152 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This is a positive change from Global X SuperDividend REIT ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a yield of 8.6%.

Institutional Trading of Global X SuperDividend REIT ETF

Several institutional investors and hedge funds have recently made changes to their positions in SRET. Founders Financial Alliance LLC increased its position in Global X SuperDividend REIT ETF by 23.9% during the 3rd quarter. Founders Financial Alliance LLC now owns 2,586 shares of the company’s stock worth $56,000 after purchasing an additional 499 shares in the last quarter. AE Wealth Management LLC lifted its holdings in Global X SuperDividend REIT ETF by 85.1% in the 3rd quarter. AE Wealth Management LLC now owns 6,532 shares of the company’s stock valued at $141,000 after purchasing an additional 3,003 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Global X SuperDividend REIT ETF in the 2nd quarter valued at about $157,000. Sykon Capital LLC acquired a new stake in shares of Global X SuperDividend REIT ETF during the 4th quarter worth about $224,000. Finally, Family Management Corp purchased a new stake in shares of Global X SuperDividend REIT ETF during the third quarter worth about $289,000.

Global X SuperDividend REIT ETF Company Profile

The Global X SuperDividend REIT ETF (SRET) is an exchange-traded fund that is based on the Solactive Global Superdividend REIT index. The fund tracks an equal-weighted index of global REITs, choosing 30 high-yield, low-volatility companies. SRET was launched on Mar 17, 2015 and is managed by Global X.