Truist Financial Corp Raises Stock Position in Global X Alternative Income ETF $ALTY

Truist Financial Corp lifted its stake in shares of Global X Alternative Income ETF (NASDAQ:ALTY) by 14.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,507 shares of the company’s stock after buying an additional 2,252 shares during the quarter. Truist Financial Corp owned approximately 0.57% of Global X Alternative Income ETF worth $204,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. LPL Financial LLC grew its position in shares of Global X Alternative Income ETF by 11.7% during the first quarter. LPL Financial LLC now owns 403,493 shares of the company’s stock worth $4,725,000 after buying an additional 42,152 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Global X Alternative Income ETF by 46.6% during the first quarter. Cetera Investment Advisers now owns 16,589 shares of the company’s stock worth $194,000 after buying an additional 5,277 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of Global X Alternative Income ETF by 19.1% during the first quarter. SBI Securities Co. Ltd. now owns 7,244 shares of the company’s stock worth $85,000 after buying an additional 1,160 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of 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 buying an additional 16,149 shares in the last quarter. Finally, Bank of America Corp DE grew its position 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 buying an additional 3,188 shares in the last quarter.

Global X Alternative Income ETF Stock Performance

Shares of Global X Alternative Income ETF stock opened at $11.82 on Friday. Global X Alternative Income ETF has a one year low of $10.57 and a one year high of $12.19. The company has a market cap of $37.47 million, a PE ratio of 17.85 and a beta of 0.99. The business has a 50-day simple moving average of $11.80 and a 200-day simple moving average of $11.58.

Global X Alternative Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 10th. Investors of record on Friday, October 3rd were issued a $0.0755 dividend. This represents a c) dividend on an annualized basis and a yield of 7.7%. This is a positive change from Global X Alternative Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, October 3rd.

About Global X Alternative Income ETF

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.