Global X SuperDividend ETF (NYSEARCA:SDIV) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Global X SuperDividend ETF (NYSEARCA:SDIV)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $23.85 and traded as high as $24.16. Global X SuperDividend ETF shares last traded at $24.04, with a volume of 510,085 shares changing hands.

Global X SuperDividend ETF Trading Up 0.3%

The company’s 50-day moving average is $23.85 and its two-hundred day moving average is $23.46. The stock has a market capitalization of $1.02 billion, a P/E ratio of 8.00 and a beta of 0.85.

Hedge Funds Weigh In On Global X SuperDividend ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SDIV. Kingstone Capital Partners Texas LLC raised its position in shares of Global X SuperDividend ETF by 115,987.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 12,402,814 shares of the exchange traded fund’s stock worth $268,155,000 after buying an additional 12,392,130 shares in the last quarter. Howard Capital Management Inc. bought a new position in Global X SuperDividend ETF during the 2nd quarter valued at $15,373,000. Signal Advisors Wealth LLC increased its position in shares of Global X SuperDividend ETF by 723.0% during the 2nd quarter. Signal Advisors Wealth LLC now owns 528,346 shares of the exchange traded fund’s stock valued at $11,914,000 after purchasing an additional 464,151 shares during the period. Synergy Asset Management LLC raised its stake in shares of Global X SuperDividend ETF by 100.0% in the 3rd quarter. Synergy Asset Management LLC now owns 174,992 shares of the exchange traded fund’s stock worth $4,025,000 after buying an additional 87,496 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Global X SuperDividend ETF by 96.9% in the third quarter. Envestnet Asset Management Inc. now owns 126,794 shares of the exchange traded fund’s stock valued at $3,041,000 after buying an additional 62,413 shares during the period.

About Global X SuperDividend ETF

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.