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

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

Global X SuperDividend ETF Stock Up 0.2%

The stock has a market capitalization of $1.19 billion, a PE ratio of 8.00 and a beta of 0.85. The firm’s fifty day moving average price is $24.48 and its two-hundred day moving average price is $23.96.

Hedge Funds Weigh In On Global X SuperDividend ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Howard Capital Management Inc. increased its position in Global X SuperDividend ETF by 8.7% during the fourth quarter. Howard Capital Management Inc. now owns 834,871 shares of the exchange traded fund’s stock valued at $20,062,000 after acquiring an additional 66,655 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Global X SuperDividend ETF by 4.8% during the 3rd quarter. Bank of America Corp DE now owns 430,362 shares of the exchange traded fund’s stock valued at $10,320,000 after purchasing an additional 19,686 shares during the period. Foguth Wealth Management LLC. bought a new stake in shares of Global X SuperDividend ETF during the 4th quarter valued at about $9,581,000. Osaic Holdings Inc. increased its position in shares of Global X SuperDividend ETF by 12.4% during the 2nd quarter. Osaic Holdings Inc. now owns 200,139 shares of the exchange traded fund’s stock valued at $4,515,000 after purchasing an additional 22,014 shares during the last quarter. Finally, Synergy Asset Management LLC lifted its stake in shares of Global X SuperDividend ETF by 100.0% in the 3rd quarter. Synergy Asset Management LLC now owns 174,992 shares of the exchange traded fund’s stock worth $4,025,000 after purchasing an additional 87,496 shares during the period.

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.