Global X Alternative Income ETF (ALTY) to Issue Monthly Dividend of $0.08 on February 11th

Global X Alternative Income ETF (NASDAQ:ALTY) declared a monthly dividend on Tuesday, February 3rd. Stockholders of record on Wednesday, February 4th will be given a dividend of 0.077 per share on Wednesday, February 11th. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Wednesday, February 4th. This is a 2.7% increase from Global X Alternative Income ETF’s previous monthly dividend of $0.08.

Global X Alternative Income ETF Stock Performance

NASDAQ ALTY opened at $12.23 on Thursday. The stock has a market cap of $43.91 million, a price-to-earnings ratio of 17.85 and a beta of 0.69. The business has a 50 day simple moving average of $12.08 and a 200 day simple moving average of $11.91. Global X Alternative Income ETF has a 52-week low of $10.57 and a 52-week high of $12.40.

Hedge Funds Weigh In On Global X Alternative Income ETF

A number of hedge funds have recently added to or reduced their stakes in ALTY. Truist Financial Corp grew its holdings in shares of Global X Alternative Income ETF by 14.8% during the second quarter. Truist Financial Corp now owns 17,507 shares of the company’s stock worth $204,000 after purchasing an additional 2,252 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Global X Alternative Income ETF during the second quarter worth about $192,000. Envestnet Asset Management Inc. raised its holdings in Global X Alternative Income ETF by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 44,703 shares of the company’s stock valued at $521,000 after acquiring an additional 1,029 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Global X Alternative Income ETF in the fourth quarter worth $234,000. Finally, Advisory Services Network LLC bought a new stake in shares of Global X Alternative Income ETF during the 3rd quarter worth $61,000.

About Global X Alternative Income ETF

The Global X Alternative Income ETF (ALTY) is an exchange-traded fund that is based on the Indxx SuperDividend Alternatives index. The fund tracks an index consisting of a variety of assets such as equity, debt securities and covered calls. Selected based on high dividend yield and low volatility. ALTY was launched on Jul 14, 2015 and is managed by Global X.