Global X SuperDividend ETF (NYSEARCA:SDIV) Reaches New 12-Month High – Should You Buy?

Global X SuperDividend ETF (NYSEARCA:SDIVGet Free Report) hit a new 52-week high on Monday . The stock traded as high as $24.40 and last traded at $24.3950, with a volume of 349450 shares changing hands. The stock had previously closed at $24.20.

Global X SuperDividend ETF Trading Up 0.7%

The business’s fifty day simple moving average is $24.05 and its 200 day simple moving average is $23.65. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 8.00 and a beta of 0.85.

Hedge Funds Weigh In On Global X SuperDividend ETF

Hedge funds have recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC raised its stake in Global X SuperDividend ETF by 115,987.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 12,402,814 shares of the exchange traded fund’s stock worth $268,155,000 after buying an additional 12,392,130 shares during the period. Howard Capital Management Inc. bought a new stake in shares of Global X SuperDividend ETF in the second quarter worth about $15,373,000. Signal Advisors Wealth LLC increased its holdings in shares of Global X SuperDividend ETF by 723.0% in the second quarter. Signal Advisors Wealth LLC now owns 528,346 shares of the exchange traded fund’s stock worth $11,914,000 after acquiring an additional 464,151 shares in the last quarter. Foguth Wealth Management LLC. acquired a new stake in shares of Global X SuperDividend ETF during the fourth quarter worth about $9,581,000. Finally, Synergy Asset Management LLC lifted its holdings in shares of Global X SuperDividend ETF by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 174,992 shares of the exchange traded fund’s stock valued at $4,025,000 after purchasing an additional 87,496 shares in 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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