Global X SuperDividend REIT ETF (NASDAQ:SRET) Trading Up 0.8% – Here’s Why

Global X SuperDividend REIT ETF (NASDAQ:SRET) rose 0.8% on Friday . The company traded as high as $23.06 and last traded at $22.96. 27,067 shares were traded during trading, a decline of 43% from the average daily volume of 47,285 shares. The stock had previously closed at $22.78.

Global X SuperDividend REIT ETF Stock Up 0.8%

The firm has a 50 day simple moving average of $22.52 and a 200-day simple moving average of $22.38. The stock has a market cap of $236.26 million, a P/E ratio of 16.47 and a beta of 0.85.

Global X SuperDividend REIT ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, July 13th. Investors of record on Monday, July 6th were issued a dividend of $0.153 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%.

Institutional Investors Weigh In On Global X SuperDividend REIT ETF

Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Global X SuperDividend REIT ETF during the 2nd quarter valued at $157,000. Sei Investments Co. acquired a new position in shares of Global X SuperDividend REIT ETF in the first quarter valued at $218,000. Sykon Capital LLC bought a new position in shares of Global X SuperDividend REIT ETF in the fourth quarter valued at about $224,000. Family Management Corp bought a new position in shares of Global X SuperDividend REIT ETF in the third quarter valued at about $289,000. Finally, Advyzon Investment Management LLC lifted its stake in shares of Global X SuperDividend REIT ETF by 7.2% during the 4th quarter. Advyzon Investment Management LLC now owns 17,484 shares of the company’s stock worth $381,000 after buying an additional 1,174 shares during the last quarter.

About Global X SuperDividend REIT ETF

The Global X SuperDividend REIT ETF (SRET) is an exchange-traded fund that is based on the Solactive Global Superdividend REIT index. The fund tracks an equal-weighted index of global REITs, choosing 30 high-yield, low-volatility companies. SRET was launched on Mar 17, 2015 and is managed by Global X.