Global X Alternative Income ETF $ALTY Stock Position Increased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC boosted its position in shares of Global X Alternative Income ETF (NASDAQ:ALTY) by 273.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,341 shares of the company’s stock after buying an additional 44,899 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Global X Alternative Income ETF were worth $728,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in Global X Alternative Income ETF by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 44,703 shares of the company’s stock valued at $521,000 after acquiring an additional 1,029 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Global X Alternative Income ETF by 54.0% in the 2nd quarter. Bank of America Corp DE now owns 24,131 shares of the company’s stock worth $281,000 after purchasing an additional 8,457 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Global X Alternative Income ETF by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 17,783 shares of the company’s stock worth $207,000 after purchasing an additional 1,194 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in Global X Alternative Income ETF by 14.8% during the second quarter. Truist Financial Corp now owns 17,507 shares of the company’s stock valued at $204,000 after purchasing an additional 2,252 shares during the last quarter.

Global X Alternative Income ETF Stock Performance

Shares of NASDAQ:ALTY opened at $12.10 on Friday. The stock has a market capitalization of $41.50 million, a price-to-earnings ratio of 17.85 and a beta of 0.69. Global X Alternative Income ETF has a 1-year low of $10.57 and a 1-year high of $12.12. The company has a 50 day moving average price of $11.96 and a 200 day moving average price of $11.83.

Global X Alternative Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were issued a $0.075 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date was Tuesday, December 30th.

Global X Alternative Income ETF Company Profile

The Global X Alternative Income ETF (ALTY) is an exchange-traded fund that is based on the Indxx SuperDividend Alternatives index. The fund tracks an index consisting of a variety of assets such as equity, debt securities and covered calls. Selected based on high dividend yield and low volatility. ALTY was launched on Jul 14, 2015 and is managed by Global X.