Envestnet Asset Management Inc. Purchases 16,149 Shares of Global X Alternative Income ETF (NASDAQ:ALTY)

Envestnet Asset Management Inc. raised its position in shares of Global X Alternative Income ETF (NASDAQ:ALTY) by 58.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,674 shares of the company’s stock after acquiring an additional 16,149 shares during the period. Envestnet Asset Management Inc. owned approximately 1.56% of Global X Alternative Income ETF worth $511,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ALTY. Bank of America Corp DE boosted its holdings in shares of Global X Alternative Income ETF by 60.6% during the fourth quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock worth $98,000 after acquiring an additional 3,188 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Global X Alternative Income ETF by 2,104,300.0% in the fourth quarter. Wells Fargo & Company MN now owns 21,044 shares of the company’s stock valued at $244,000 after buying an additional 21,043 shares during the period. Talon Private Wealth LLC bought a new stake in shares of Global X Alternative Income ETF in the fourth quarter valued at approximately $343,000. Finally, GTS Securities LLC bought a new stake in shares of Global X Alternative Income ETF in the fourth quarter valued at approximately $357,000.

Global X Alternative Income ETF Trading Down 0.8%

Shares of ALTY stock opened at $11.69 on Wednesday. The stock has a market cap of $36.82 million, a P/E ratio of 17.85 and a beta of 0.99. The stock has a 50 day simple moving average of $11.58 and a 200 day simple moving average of $11.61. Global X Alternative Income ETF has a 1 year low of $10.57 and a 1 year high of $12.19.

Global X Alternative Income ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th will be paid a $0.074 dividend. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Tuesday, August 5th.

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.