Global X Alternative Income ETF (NASDAQ:ALTY) Trading 0% Higher – What’s Next?

Global X Alternative Income ETF (NASDAQ:ALTY) rose 0% during mid-day trading on Monday . The company traded as high as $11.65 and last traded at $11.64. Approximately 29,276 shares traded hands during mid-day trading, an increase of 116% from the average daily volume of 13,550 shares. The stock had previously closed at $11.63.

Global X Alternative Income ETF Stock Up 0.0%

The stock has a market capitalization of $35.72 million, a PE ratio of 17.85 and a beta of 0.99. The stock’s 50 day moving average price is $11.51 and its 200-day moving average price is $11.61.

Global X Alternative Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, July 3rd were issued a $0.074 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $0.89 annualized dividend and a dividend yield of 7.63%.

Institutional Investors Weigh In On Global X Alternative Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALTY. LPL Financial LLC grew its position in Global X Alternative Income ETF by 11.7% during the 1st quarter. LPL Financial LLC now owns 403,493 shares of the company’s stock worth $4,725,000 after purchasing an additional 42,152 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Global X Alternative Income ETF by 58.7% during the first quarter. Envestnet Asset Management Inc. now owns 43,674 shares of the company’s stock worth $511,000 after acquiring an additional 16,149 shares during the period. GTS Securities LLC acquired a new position in Global X Alternative Income ETF during the fourth quarter worth $357,000. Talon Private Wealth LLC acquired a new position in Global X Alternative Income ETF during the fourth quarter worth $343,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Global X Alternative Income ETF by 2,104,300.0% during the fourth quarter. Wells Fargo & Company MN now owns 21,044 shares of the company’s stock worth $244,000 after buying an additional 21,043 shares in the last quarter.

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.