Global X Alternative Income ETF (NASDAQ:ALTY) Trading Up 0.2% – What’s Next?

Global X Alternative Income ETF (NASDAQ:ALTY) shot up 0.2% on Tuesday . The stock traded as high as $12.44 and last traded at $12.42. 17,596 shares changed hands during trading, a decline of 6% from the average session volume of 18,652 shares. The stock had previously closed at $12.40.

Global X Alternative Income ETF Price Performance

The company has a market cap of $45.47 million, a P/E ratio of 17.85 and a beta of 0.59. The business’s 50 day moving average price is $12.34 and its 200-day moving average price is $12.24.

Global X Alternative Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 3rd were given a $0.079 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a c) annualized dividend and a yield of 7.7%.

Hedge Funds Weigh In On Global X Alternative Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of ALTY. Cetera Investment Advisers acquired a new stake in shares of Global X Alternative Income ETF in the first quarter valued at $479,000. Kingsview Wealth Management LLC acquired a new position in Global X Alternative Income ETF during the 3rd quarter worth about $367,000. LPL Financial LLC grew its holdings in Global X Alternative Income ETF by 5.4% during the 4th quarter. LPL Financial LLC now owns 414,192 shares of the company’s stock worth $4,941,000 after acquiring an additional 21,290 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Global X Alternative Income ETF during the 4th quarter worth about $234,000. Finally, Bank of America Corp DE increased its position in Global X Alternative Income ETF by 54.0% in the 2nd quarter. Bank of America Corp DE now owns 24,131 shares of the company’s stock valued at $281,000 after acquiring an additional 8,457 shares in the last quarter.

Global X Alternative Income ETF Company Profile

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.