Global X SuperDividend REIT ETF (NASDAQ:SRET) Stock Price Down 1.4% – Here’s What Happened

Shares of Global X SuperDividend REIT ETF (NASDAQ:SRET) were down 1.4% during mid-day trading on Monday . The stock traded as low as $22.13 and last traded at $22.18. Approximately 40,438 shares were traded during trading, a decline of 22% from the average daily volume of 51,895 shares. The stock had previously closed at $22.50.

Global X SuperDividend REIT ETF Trading Down 1.4%

The company has a market capitalization of $231.56 million, a price-to-earnings ratio of 16.47 and a beta of 0.87. The firm has a 50-day moving average price of $22.13 and a 200-day moving average price of $22.17.

Global X SuperDividend REIT ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Tuesday, May 5th were paid a $0.153 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a c) annualized dividend and a dividend yield of 8.3%. This is an increase from Global X SuperDividend REIT ETF’s previous monthly dividend of $0.15.

Hedge Funds Weigh In On Global X SuperDividend REIT ETF

Several hedge funds have recently made changes to their positions in SRET. Bank of America Corp DE grew its holdings in shares of Global X SuperDividend REIT ETF by 107.4% in the 1st quarter. Bank of America Corp DE now owns 382,617 shares of the company’s stock worth $8,111,000 after acquiring an additional 198,163 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Global X SuperDividend REIT ETF in the 1st quarter worth $218,000. Sigma Planning Corp grew its holdings in shares of Global X SuperDividend REIT ETF by 34.4% in the 1st quarter. Sigma Planning Corp now owns 50,709 shares of the company’s stock worth $1,075,000 after acquiring an additional 12,985 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Global X SuperDividend REIT ETF by 11.1% in the 4th quarter. Osaic Holdings Inc. now owns 26,847 shares of the company’s stock worth $585,000 after acquiring an additional 2,691 shares during the last quarter. Finally, Advyzon Investment Management LLC grew its holdings in shares of Global X SuperDividend REIT ETF by 7.2% in the 4th quarter. Advyzon Investment Management LLC now owns 17,484 shares of the company’s stock worth $381,000 after acquiring an additional 1,174 shares during the last quarter.

About Global X SuperDividend REIT ETF

The Global X SuperDividend REIT ETF (SRET) is an exchange-traded fund that is based on the Solactive Global Superdividend REIT index. The fund tracks an equal-weighted index of global REITs, choosing 30 high-yield, low-volatility companies. SRET was launched on Mar 17, 2015 and is managed by Global X.