Global X SuperDividend ETF (NYSEARCA:SDIV) Sets New 1-Year Low – Time to Sell?

Shares of Global X SuperDividend ETF (NYSEARCA:SDIV – Get Free Report) hit a new 52-week low on Monday. The stock traded as low as $22.57 and last traded at $22.7130, with a volume of 48,105 shares trading hands. The stock had previously closed at $22.73.

Global X SuperDividend ETF Price Performance

The business has a fifty day moving average of $24.00 and a 200-day moving average of $24.92. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 8.00 and a beta of 0.76.

Hedge Funds Weigh In On Global X SuperDividend ETF

Several large investors have recently made changes to their positions in SDIV. Foguth Wealth Management LLC. grew its position in Global X SuperDividend ETF by 219.8% in the first quarter. Foguth Wealth Management LLC. now owns 1,266,289 shares of the exchange traded fund’s stock worth $31,771,000 after buying an additional 870,372 shares during the last quarter. Fifth Third Securities Inc. bought a new position in shares of Global X SuperDividend ETF in the third quarter valued at $4,605,000. Kestra Private Wealth Services LLC bought a new position in shares of Global X SuperDividend ETF in the third quarter valued at $2,414,000. Integrity Alliance LLC. bought a new position in shares of Global X SuperDividend ETF in the third quarter valued at $1,357,000. Finally, Wealthfront Advisers LLC lifted its position in shares of Global X SuperDividend ETF by 63.9% during the 1st quarter. Wealthfront Advisers LLC now owns 95,789 shares of the exchange traded fund’s stock valued at $2,420,000 after acquiring an additional 37,336 shares during the last quarter.

Global X SuperDividend ETF Company Profile

(Get Free Report)

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.

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