Global X SuperDividend ETF (NYSEARCA:SDIV) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Global X SuperDividend ETF (NYSEARCA:SDIV)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $24.78 and traded as high as $26.13. Global X SuperDividend ETF shares last traded at $26.08, with a volume of 763,869 shares changing hands.

Global X SuperDividend ETF Stock Performance

The business has a 50-day moving average of $24.78 and a 200 day moving average of $24.09. The stock has a market cap of $1.21 billion, a PE ratio of 8.00 and a beta of 0.85.

Global X SuperDividend ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, February 4th will be given a $0.19 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend is Wednesday, February 4th.

Institutional Trading of Global X SuperDividend ETF

Hedge funds have recently bought and sold shares of the company. Howard Capital Management Inc. purchased a new position in shares of Global X SuperDividend ETF during the 2nd quarter worth $15,373,000. Foguth Wealth Management LLC. acquired a new position in Global X SuperDividend ETF in the fourth quarter valued at $9,581,000. AE Wealth Management LLC lifted its position in Global X SuperDividend ETF by 517.2% during the fourth quarter. AE Wealth Management LLC now owns 124,899 shares of the exchange traded fund’s stock worth $3,001,000 after buying an additional 104,663 shares during the period. Synergy Asset Management LLC lifted its position in Global X SuperDividend ETF by 100.0% during the third quarter. Synergy Asset Management LLC now owns 174,992 shares of the exchange traded fund’s stock worth $4,025,000 after buying an additional 87,496 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Global X SuperDividend ETF by 96.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 126,794 shares of the exchange traded fund’s stock worth $3,041,000 after buying an additional 62,413 shares during the last quarter.

Global X SuperDividend ETF Company Profile

The Global X SuperDividend ETF (SDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equal-weighted index of 100 global securities with high yields. SDIV was launched on Jun 8, 2011 and is managed by Global X.