Global X Alternative Income ETF Declares Monthly Dividend of $0.08 (NASDAQ:ALTY)

Global X Alternative Income ETF (NASDAQ:ALTY) declared a monthly dividend on Tuesday, November 4th. Investors of record on Wednesday, November 5th will be given a dividend of 0.0755 per share on Thursday, November 13th. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Wednesday, November 5th.

Global X Alternative Income ETF Stock Performance

Shares of ALTY traded down $0.05 during mid-day trading on Wednesday, hitting $11.85. 5,984 shares of the stock were exchanged, compared to its average volume of 16,164. The company has a market cap of $38.02 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 $12.19. The firm has a 50-day moving average of $11.85 and a two-hundred day moving average of $11.66.

Institutional Trading of Global X Alternative Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Truist Financial Corp lifted its stake in shares of Global X Alternative Income ETF by 57.0% during the 3rd quarter. Truist Financial Corp now owns 27,480 shares of the company’s stock worth $326,000 after acquiring an additional 9,973 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in Global X Alternative Income ETF by 273.1% in the third quarter. Kingswood Wealth Advisors LLC now owns 61,341 shares of the company’s stock worth $728,000 after purchasing an additional 44,899 shares during the period. Bank of America Corp DE increased its stake in Global X Alternative Income ETF by 54.0% in the second 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 during the period. Cetera Investment Advisers increased its stake in Global X Alternative Income ETF by 7.2% in the second quarter. Cetera Investment Advisers now owns 17,783 shares of the company’s stock worth $207,000 after purchasing an additional 1,194 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Global X Alternative Income ETF by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 44,703 shares of the company’s stock worth $521,000 after purchasing an additional 1,029 shares during the period.

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.