Great Valley Advisor Group Inc. Has $127,000 Holdings in Global X Alternative Income ETF (NASDAQ:ALTY)

Great Valley Advisor Group Inc. trimmed its stake in shares of Global X Alternative Income ETF (NASDAQ:ALTY) by 42.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,200 shares of the company’s stock after selling 8,394 shares during the period. Great Valley Advisor Group Inc.’s holdings in Global X Alternative Income ETF were worth $127,000 at the end of the most recent reporting period.

Separately, Kovack Advisors Inc. raised its position in Global X Alternative Income ETF by 18.1% in the 4th quarter. Kovack Advisors Inc. now owns 21,522 shares of the company’s stock worth $243,000 after purchasing an additional 3,294 shares during the last quarter.

Global X Alternative Income ETF Stock Performance

Shares of ALTY opened at $11.35 on Wednesday. The business’s fifty day moving average price is $11.35 and its two-hundred day moving average price is $11.19. The firm has a market capitalization of $34.83 million, a price-to-earnings ratio of 15.21 and a beta of 0.53. Global X Alternative Income ETF has a 52 week low of $10.31 and a 52 week high of $11.65.

Global X Alternative Income ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.0672 per share. This represents a $0.81 annualized dividend and a dividend yield of 7.11%. The ex-dividend date is Friday, May 3rd.

Global X Alternative Income ETF Company Profile

The Global X Alternative Income ETF (ALTY) is an exchange-traded fund that is based on the Indxx SuperDividend Alternatives index. The fund tracks an index consisting of a variety of assets such as equity, debt securities and covered calls. Selected based on high dividend yield and low volatility. ALTY was launched on Jul 14, 2015 and is managed by Global X.