Global X SuperDividend ETF (NYSEARCA:SDIV) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Global X SuperDividend ETF (NYSEARCA:SDIV) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.55 and traded as low as $24.41. Global X SuperDividend ETF shares last traded at $24.47, with a volume of 417,498 shares trading hands.

Global X SuperDividend ETF Trading Down 0.6%

The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 8.00 and a beta of 0.85. The stock’s fifty day simple moving average is $25.60 and its 200-day simple moving average is $24.55.

Global X SuperDividend ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, February 4th were paid a $0.19 dividend. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date was Wednesday, February 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers increased its holdings in Global X SuperDividend ETF by 18.9% during the 2nd quarter. Cetera Investment Advisers now owns 103,842 shares of the exchange traded fund’s stock worth $2,342,000 after purchasing an additional 16,496 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Global X SuperDividend ETF by 3.1% in the second quarter. Rockefeller Capital Management L.P. now owns 23,428 shares of the exchange traded fund’s stock valued at $528,000 after acquiring an additional 708 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Global X SuperDividend ETF by 10.6% in the second quarter. JPMorgan Chase & Co. now owns 86,471 shares of the exchange traded fund’s stock worth $1,950,000 after acquiring an additional 8,274 shares during the last quarter. MAI Capital Management lifted its stake in Global X SuperDividend ETF by 51,150.0% in the second quarter. MAI Capital Management now owns 2,050 shares of the exchange traded fund’s stock worth $46,000 after acquiring an additional 2,046 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in Global X SuperDividend ETF during the 2nd quarter worth approximately $268,000.

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.