Global X MSCI SuperDividend EAFE ETF (NASDAQ:EFAS) Stock Jumps 0.3% – What’s Next?

Global X MSCI SuperDividend EAFE ETF (NASDAQ:EFAS) rose 0.3% during trading on Monday. The company traded as high as $22.42 and last traded at $22.36. 12,689 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 19,989 shares. The stock had previously closed at $22.30.

Global X MSCI SuperDividend EAFE ETF Stock Up 0.3%

The firm has a fifty day moving average price of $22.38 and a two-hundred day moving average price of $21.75. The stock has a market capitalization of $61.27 million, a P/E ratio of 11.91 and a beta of 0.57.

Global X MSCI SuperDividend EAFE ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 13th. Investors of record on Monday, October 5th were issued a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Monday, October 5th.

Hedge Funds Weigh In On Global X MSCI SuperDividend EAFE ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Atlas Brown Inc. bought a new stake in Global X MSCI SuperDividend EAFE ETF in the 3rd quarter worth approximately $216,000. Cetera Investment Advisers lifted its holdings in Global X MSCI SuperDividend EAFE ETF by 52.0% during the first quarter. Cetera Investment Advisers now owns 30,021 shares of the company’s stock valued at $636,000 after purchasing an additional 10,270 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in Global X MSCI SuperDividend EAFE ETF in the 3rd quarter worth $837,000. Finally, Fig Financial Advisory Services Inc. ADV purchased a new stake in shares of Global X MSCI SuperDividend EAFE ETF during the third quarter worth about $2,990,000.

Global X MSCI SuperDividend EAFE ETF Company Profile

The Global X MSCI SuperDividend EAFE ETF (EFAS) is an exchange-traded fund that is based on the MSCI EAFE Top 50 Dividend index. The fund tracks an index of stocks from developed countries outside North America. After screening for dividend growth and sustainability, the 50 highest yielding stocks are selected and given equal weight. EFAS was launched on Nov 14, 2016 and is managed by Global X.