Global X Alternative Income ETF (NASDAQ:ALTY) Shares Up 0.2% – Time to Buy?

Global X Alternative Income ETF (NASDAQ:ALTY) shares shot up 0.2% during trading on Tuesday . The company traded as high as $12.44 and last traded at $12.42. Approximately 17,596 shares traded hands during trading, a decline of 6% from the average daily volume of 18,652 shares. The stock had previously closed at $12.40.

Global X Alternative Income ETF Price Performance

The company has a market cap of $44.46 million, a PE ratio of 17.85 and a beta of 0.60. The company has a 50-day moving average price of $12.34 and a two-hundred day moving average price of $12.24.

Global X Alternative Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 3rd were issued a $0.079 dividend. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date was Wednesday, June 3rd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in Global X Alternative Income ETF during the 4th quarter valued at $73,000. LPL Financial LLC lifted its holdings in Global X Alternative Income ETF by 5.4% in the 4th quarter. LPL Financial LLC now owns 414,192 shares of the company’s stock worth $4,941,000 after buying an additional 21,290 shares in the last quarter. Advisory Services Network LLC purchased a new position in Global X Alternative Income ETF in the 3rd quarter valued at about $61,000. Bank of America Corp DE boosted its position in Global X Alternative Income ETF by 27.8% in the 3rd quarter. Bank of America Corp DE now owns 30,837 shares of the company’s stock valued at $366,000 after buying an additional 6,706 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in Global X Alternative Income ETF by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 17,783 shares of the company’s stock valued at $207,000 after buying an additional 1,194 shares during the last quarter.

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.