Mezzasalma Advisors LLC Buys New Shares in Global X Alternative Income ETF $ALTY

Mezzasalma Advisors LLC bought a new stake in Global X Alternative Income ETF (NASDAQ:ALTY) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 103,494 shares of the company’s stock, valued at approximately $1,217,000. Mezzasalma Advisors LLC owned 2.67% of Global X Alternative Income ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALTY. Envestnet Asset Management Inc. raised its stake in Global X Alternative Income ETF by 17.2% during the second quarter. Envestnet Asset Management Inc. now owns 60,813 shares of the company’s stock worth $755,000 after purchasing an additional 8,940 shares during the period. Bank of America Corp DE boosted its holdings in shares of Global X Alternative Income ETF by 13.9% in the 1st quarter. Bank of America Corp DE now owns 47,996 shares of the company’s stock valued at $577,000 after purchasing an additional 5,872 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Global X Alternative Income ETF during the 1st quarter valued at $479,000. Finally, Private Advisor Group LLC grew its stake in shares of Global X Alternative Income ETF by 48.0% during the 1st quarter. Private Advisor Group LLC now owns 15,600 shares of the company’s stock valued at $187,000 after buying an additional 5,061 shares during the period.

Global X Alternative Income ETF Stock Performance

Shares of ALTY traded down $0.07 during trading hours on Wednesday, hitting $11.66. The stock had a trading volume of 14,010 shares, compared to its average volume of 19,202. The firm has a market cap of $45.24 million, a P/E ratio of 17.85 and a beta of 0.60. The company’s fifty day simple moving average is $12.10 and its 200 day simple moving average is $12.24. Global X Alternative Income ETF has a 12-month low of $11.65 and a 12-month high of $12.58.

Global X Alternative Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, October 13th. Shareholders of record on Monday, October 5th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, October 5th. This represents a $0.96 annualized dividend and a yield of 8.2%.

Global X Alternative Income ETF 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.