Global X SuperDividend ETF (NYSEARCA:SDIV) Hits New 52-Week High – Still a Buy?

Global X SuperDividend ETF (NYSEARCA:SDIV)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $25.87 and last traded at $25.76, with a volume of 674557 shares changing hands. The stock had previously closed at $25.80.

Global X SuperDividend ETF Stock Performance

The stock has a 50-day moving average of $24.39 and a 200 day moving average of $23.93. The firm has a market capitalization of $1.17 billion, a P/E ratio of 8.00 and a beta of 0.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Global X SuperDividend ETF in the 2nd quarter valued at about $86,000. Fiduciary Alliance LLC acquired a new stake in shares of Global X SuperDividend ETF in the third quarter valued at approximately $602,000. Cetera Investment Advisers raised its position in Global X SuperDividend ETF by 18.9% in the 2nd quarter. Cetera Investment Advisers now owns 103,842 shares of the exchange traded fund’s stock worth $2,342,000 after purchasing an additional 16,496 shares during the last quarter. Synergy Asset Management LLC bought a new position in Global X SuperDividend ETF in the 2nd quarter worth approximately $1,973,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Global X SuperDividend ETF by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 64,381 shares of the exchange traded fund’s stock worth $1,452,000 after buying an additional 2,312 shares in the last quarter.

About Global X SuperDividend ETF

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.