Global X SuperDividend ETF (NYSEARCA:SDIV) Sets New 1-Year High – Should You Buy?

Global X SuperDividend ETF (NYSEARCA:SDIV)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $24.82 and last traded at $24.8450, with a volume of 174186 shares changing hands. The stock had previously closed at $24.77.

Global X SuperDividend ETF Price Performance

The company has a 50-day moving average of $24.11 and a two-hundred day moving average of $23.73. The stock has a market capitalization of $1.12 billion, a PE ratio of 8.00 and a beta of 0.85.

Hedge Funds Weigh In On Global X SuperDividend ETF

Large investors have recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC grew its stake in shares of Global X SuperDividend ETF by 115,987.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 12,402,814 shares of the exchange traded fund’s stock valued at $268,155,000 after buying an additional 12,392,130 shares in the last quarter. Howard Capital Management Inc. boosted its holdings in Global X SuperDividend ETF by 12.7% in the 3rd quarter. Howard Capital Management Inc. now owns 768,216 shares of the exchange traded fund’s stock worth $18,422,000 after acquiring an additional 86,466 shares during the period. Signal Advisors Wealth LLC grew its position in Global X SuperDividend ETF by 723.0% in the second quarter. Signal Advisors Wealth LLC now owns 528,346 shares of the exchange traded fund’s stock valued at $11,914,000 after acquiring an additional 464,151 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Global X SuperDividend ETF by 4.8% during the third 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. Finally, Foguth Wealth Management LLC. acquired a new position in shares of Global X SuperDividend ETF during the fourth quarter worth $9,581,000.

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.