Global X SuperDividend REIT ETF (NASDAQ:SRET) Shares Down 0.5% – What’s Next?

Global X SuperDividend REIT ETF (NASDAQ:SRET) shares dropped 0.5% during mid-day trading on Tuesday . The stock traded as low as $22.77 and last traded at $22.82. Approximately 208,670 shares changed hands during mid-day trading, an increase of 239% from the average daily volume of 61,498 shares. The stock had previously closed at $22.94.

Global X SuperDividend REIT ETF Price Performance

The stock has a market capitalization of $222.27 million, a PE ratio of 16.47 and a beta of 0.93. The firm’s 50 day simple moving average is $21.93 and its 200 day simple moving average is $21.68.

Global X SuperDividend REIT ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were paid a $0.145 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a c) annualized dividend and a yield of 7.6%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Founders Financial Alliance LLC grew its holdings in Global X SuperDividend REIT ETF by 23.9% during the 3rd quarter. Founders Financial Alliance LLC now owns 2,586 shares of the company’s stock valued at $56,000 after buying an additional 499 shares in the last quarter. Advyzon Investment Management LLC lifted its stake in Global X SuperDividend REIT ETF by 3.5% in the 3rd quarter. Advyzon Investment Management LLC now owns 16,310 shares of the company’s stock worth $353,000 after purchasing an additional 553 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Global X SuperDividend REIT ETF by 0.8% during the 2nd quarter. Bank of America Corp DE now owns 79,551 shares of the company’s stock valued at $1,683,000 after purchasing an additional 624 shares during the last quarter. AE Wealth Management LLC grew its position in shares of Global X SuperDividend REIT ETF by 30.6% during the second quarter. AE Wealth Management LLC now owns 3,529 shares of the company’s stock valued at $75,000 after purchasing an additional 826 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Global X SuperDividend REIT ETF during the second quarter valued at about $26,000.

Global X SuperDividend REIT ETF Company Profile

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.