Global X SuperDividend REIT ETF (NASDAQ:SRET) Plans Dividend Increase – $0.15 Per Share

Global X SuperDividend REIT ETF (NASDAQ:SRET) declared a monthly dividend on Monday, May 4th, NASDAQ Dividends reports. Shareholders of record on Tuesday, May 5th will be paid a dividend of 0.153 per share on Tuesday, May 12th. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Tuesday, May 5th. This is a 0.7% increase from Global X SuperDividend REIT ETF’s previous monthly dividend of $0.15.

Global X SuperDividend REIT ETF Stock Performance

SRET traded up $0.03 during midday trading on Tuesday, reaching $22.57. 21,323 shares of the company were exchanged, compared to its average volume of 54,671. Global X SuperDividend REIT ETF has a one year low of $20.04 and a one year high of $23.09. The stock has a market capitalization of $235.63 million, a P/E ratio of 16.47 and a beta of 0.87. The stock’s 50-day simple moving average is $22.06 and its 200 day simple moving average is $22.06.

Hedge Funds Weigh In On Global X SuperDividend REIT ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sigma Planning Corp boosted its holdings in Global X SuperDividend REIT ETF by 34.4% during the first quarter. Sigma Planning Corp now owns 50,709 shares of the company’s stock worth $1,075,000 after buying an additional 12,985 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Global X SuperDividend REIT ETF by 11.1% during the fourth quarter. Osaic Holdings Inc. now owns 26,847 shares of the company’s stock worth $585,000 after buying an additional 2,691 shares during the last quarter. Advyzon Investment Management LLC boosted its holdings in Global X SuperDividend REIT ETF by 7.2% during the fourth quarter. Advyzon Investment Management LLC now owns 17,484 shares of the company’s stock worth $381,000 after buying an additional 1,174 shares during the last quarter. Sykon Capital LLC bought a new position in Global X SuperDividend REIT ETF during the fourth quarter worth about $224,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Global X SuperDividend REIT ETF by 6.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 20,635 shares of the company’s stock worth $449,000 after buying an additional 1,183 shares during the last quarter.

About Global X SuperDividend REIT ETF

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.