Global X SuperDividend ETF (NYSEARCA:SDIV) Reaches New 12-Month Low – Here’s What Happened

Global X SuperDividend ETF (NYSEARCA:SDIV)’s share price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $22.57 and last traded at $22.7130, with a volume of 48,105 shares traded. The stock had previously closed at $22.73.

Global X SuperDividend ETF Price Performance

The company’s fifty day simple moving average is $24.10 and its two-hundred day simple moving average is $24.95. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 8.00 and a beta of 0.73.

Institutional Trading of Global X SuperDividend ETF

A number of large investors have recently bought and sold shares of the company. Kestra Private Wealth Services LLC purchased a new stake in shares of Global X SuperDividend ETF in the third quarter worth about $2,414,000. Integrity Alliance LLC. bought a new position in shares of Global X SuperDividend ETF in the third quarter worth approximately $1,357,000. Sterling Manor Financial LLC bought a new stake in Global X SuperDividend ETF during the 3rd quarter valued at $673,000. Fifth Third Securities Inc. purchased a new stake in shares of Global X SuperDividend ETF during the third quarter worth about $4,605,000. Finally, Eagle Strategies LLC increased its holdings in Global X SuperDividend ETF by 9.1% during the 3rd quarter. Eagle Strategies LLC now owns 10,536 shares of the exchange traded fund’s stock valued at $246,000 after purchasing an additional 880 shares during the period.

Global X SuperDividend ETF Company Profile

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.