Global X Alternative Income ETF (NASDAQ:ALTY) Announces Monthly Dividend of $0.08

Global X Alternative Income ETF (NASDAQ:ALTY) declared a monthly dividend on Tuesday, December 2nd. Shareholders of record on Wednesday, December 3rd will be given a dividend of 0.077 per share on Wednesday, December 10th. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Wednesday, December 3rd. This is a 2.0% increase from Global X Alternative Income ETF’s previous monthly dividend of $0.08.

Global X Alternative Income ETF Price Performance

Shares of NASDAQ ALTY traded down $0.06 during trading on Wednesday, hitting $11.96. 29,040 shares of the company were exchanged, compared to its average volume of 17,054. The company has a market cap of $38.38 million, a price-to-earnings ratio of 17.85 and a beta of 0.69. Global X Alternative Income ETF has a 1 year low of $10.57 and a 1 year high of $12.09. The firm’s fifty day moving average price is $11.90 and its 200 day moving average price is $11.73.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Truist Financial Corp lifted its holdings in shares of Global X Alternative Income ETF by 14.8% in the second quarter. Truist Financial Corp now owns 17,507 shares of the company’s stock valued at $204,000 after purchasing an additional 2,252 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Global X Alternative Income ETF by 46.6% during the 1st quarter. Cetera Investment Advisers now owns 16,589 shares of the company’s stock worth $194,000 after purchasing an additional 5,277 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Global X Alternative Income ETF by 58.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 43,674 shares of the company’s stock worth $511,000 after purchasing an additional 16,149 shares during the last quarter. LPL Financial LLC lifted its stake in Global X Alternative Income ETF by 11.7% in the 1st quarter. LPL Financial LLC now owns 403,493 shares of the company’s stock valued at $4,725,000 after buying an additional 42,152 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Global X Alternative Income ETF during the 2nd quarter valued at $192,000.

About Global X Alternative Income ETF

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.