Envestnet Asset Management Inc. Sells 4,633 Shares of Global X S&P 500 Quality Dividend ETF $QDIV

Envestnet Asset Management Inc. cut its stake in Global X S&P 500 Quality Dividend ETF (NYSEARCA:QDIV) by 43.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,104 shares of the company’s stock after selling 4,633 shares during the period. Envestnet Asset Management Inc. owned about 0.72% of Global X S&P 500 Quality Dividend ETF worth $207,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QDIV. LPL Financial LLC boosted its holdings in shares of Global X S&P 500 Quality Dividend ETF by 21.9% in the 1st quarter. LPL Financial LLC now owns 61,854 shares of the company’s stock worth $2,173,000 after purchasing an additional 11,095 shares in the last quarter. Harbour Investments Inc. raised its holdings in shares of Global X S&P 500 Quality Dividend ETF by 8.8% during the 2nd quarter. Harbour Investments Inc. now owns 58,142 shares of the company’s stock valued at $1,970,000 after buying an additional 4,699 shares in the last quarter. Finally, Compound Planning Inc. lifted its position in Global X S&P 500 Quality Dividend ETF by 14.1% in the 1st quarter. Compound Planning Inc. now owns 11,926 shares of the company’s stock worth $419,000 after buying an additional 1,471 shares during the last quarter.

Global X S&P 500 Quality Dividend ETF Price Performance

Shares of NYSEARCA QDIV opened at $35.00 on Friday. Global X S&P 500 Quality Dividend ETF has a one year low of $30.15 and a one year high of $37.20. The firm’s 50 day simple moving average is $34.61 and its two-hundred day simple moving average is $34.42. The stock has a market capitalization of $30.80 million, a P/E ratio of 15.17 and a beta of 0.80.

Global X S&P 500 Quality Dividend ETF Company Profile

The Global X S&P 500 Quality Dividend ETF (QDIV) is an exchange-traded fund that is based on the S&P 500 Quality High Dividend index. The fund tracks an index of equal-weighted US large-cap stocks selected from the S&P 500 Index based on quality and dividend metrics. QDIV was launched on Jul 13, 2018 and is managed by Global X.