Global X Alternative Income ETF (ALTY) to Issue Monthly Dividend of $0.08 on January 7th

Global X Alternative Income ETF (NASDAQ:ALTY) declared a monthly dividend on Monday, December 29th. Stockholders of record on Tuesday, December 30th will be given a dividend of 0.075 per share on Wednesday, January 7th. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, December 30th.

Global X Alternative Income ETF Stock Performance

Shares of ALTY stock opened at $11.98 on Wednesday. The company has a market capitalization of $38.44 million, a PE ratio of 17.85 and a beta of 0.69. Global X Alternative Income ETF has a 52-week low of $10.57 and a 52-week high of $12.08. The business’s fifty day moving average is $11.95 and its 200 day moving average is $11.81.

Institutional Trading of Global X Alternative Income ETF

A number of large investors have recently modified their holdings of ALTY. Truist Financial Corp increased its position in shares of Global X Alternative Income ETF by 14.8% in the second quarter. Truist Financial Corp now owns 17,507 shares of the company’s stock worth $204,000 after purchasing an additional 2,252 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Global X Alternative Income ETF during the second quarter valued at approximately $192,000. Envestnet Asset Management Inc. grew its stake 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 worth $521,000 after buying an additional 1,029 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Global X Alternative Income ETF in the 3rd quarter worth $367,000. Finally, Advisory Services Network LLC bought a new position in shares of Global X Alternative Income ETF in the 3rd quarter worth $61,000.

About Global X Alternative Income ETF

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.