Global X SuperDividend U.S. ETF (NYSEARCA:DIV) Hits New 12-Month High – What’s Next?

Shares of Global X SuperDividend U.S. ETF (NYSEARCA:DIV) hit a new 52-week high on Monday . The company traded as high as $19.70 and last traded at $19.6740, with a volume of 93002 shares changing hands. The stock had previously closed at $19.62.

Global X SuperDividend U.S. ETF Trading Up 0.6%

The firm has a 50 day moving average price of $18.42 and a 200-day moving average price of $17.84. The firm has a market cap of $739.47 million, a price-to-earnings ratio of 11.57 and a beta of 0.67.

Global X SuperDividend U.S. ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Wednesday, February 4th were issued a $0.102 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Wednesday, February 4th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Trust Co. of Vermont purchased a new stake in Global X SuperDividend U.S. ETF in the 3rd quarter valued at approximately $27,000. Raleigh Capital Management Inc. purchased a new stake in shares of Global X SuperDividend U.S. ETF in the fourth quarter valued at $62,000. GPS Wealth Strategies Group LLC boosted its stake in shares of Global X SuperDividend U.S. ETF by 366.2% during the second quarter. GPS Wealth Strategies Group LLC now owns 4,639 shares of the company’s stock valued at $82,000 after acquiring an additional 3,644 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Global X SuperDividend U.S. ETF by 8.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 7,047 shares of the company’s stock valued at $122,000 after acquiring an additional 546 shares during the last quarter. Finally, Prostatis Group LLC acquired a new position in Global X SuperDividend U.S. ETF in the 4th quarter valued at about $175,000.

Global X SuperDividend U.S. ETF Company Profile

The Global X SuperDividend U.S. ETF (DIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equally weighted index of 50 high-dividend, low-volatility securities. DIV was launched on Mar 11, 2013 and is managed by Global X.