Potomac Fund Management Inc. ADV Purchases 80,000 Shares of Global X SuperDividend ETF $SDIV

Potomac Fund Management Inc. ADV lifted its position in shares of Global X SuperDividend ETF (NYSEARCA:SDIV) by 15.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 584,970 shares of the exchange traded fund’s stock after purchasing an additional 80,000 shares during the quarter. Global X SuperDividend ETF makes up about 0.5% of Potomac Fund Management Inc. ADV’s investment portfolio, making the stock its 16th largest position. Potomac Fund Management Inc. ADV owned 1.26% of Global X SuperDividend ETF worth $14,057,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SDIV. KERR FINANCIAL PLANNING Corp bought a new position in Global X SuperDividend ETF in the third quarter worth $25,000. Advocate Investing Services LLC bought a new stake in Global X SuperDividend ETF in the 4th quarter valued at $26,000. Ameriflex Group Inc. bought a new stake in Global X SuperDividend ETF in the 3rd quarter valued at $57,000. CWM LLC raised its stake in shares of Global X SuperDividend ETF by 18.9% in the 4th quarter. CWM LLC now owns 2,641 shares of the exchange traded fund’s stock valued at $63,000 after buying an additional 420 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Global X SuperDividend ETF by 19.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,732 shares of the exchange traded fund’s stock valued at $90,000 after buying an additional 615 shares in the last quarter.

Global X SuperDividend ETF Stock Performance

NYSEARCA:SDIV opened at $24.95 on Monday. The company has a 50-day moving average of $25.47 and a 200-day moving average of $25.18. Global X SuperDividend ETF has a 52 week low of $21.98 and a 52 week high of $26.44. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 8.00 and a beta of 0.72.

Global X SuperDividend ETF Profile

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.