Global X SuperDividend ETF (NYSEARCA:SDIV) Reaches New 12-Month Low – Here’s Why

Global X SuperDividend ETF (NYSEARCA:SDIV) shares hit a new 52-week low on Wednesday . The company traded as low as $20.37 and last traded at $20.45, with a volume of 311235 shares trading hands. The stock had previously closed at $20.92.

Global X SuperDividend ETF Trading Down 2.4 %

The stock has a market capitalization of $718.02 million, a P/E ratio of 3.72 and a beta of 0.93. The stock’s fifty day moving average price is $21.94 and its two-hundred day moving average price is $22.22.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. lifted its holdings in shares of Global X SuperDividend ETF by 2.6% during the third quarter. Rockefeller Capital Management L.P. now owns 21,520 shares of the exchange traded fund’s stock valued at $507,000 after purchasing an additional 551 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Global X SuperDividend ETF by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,266 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 712 shares in the last quarter. Stifel Financial Corp grew its position in Global X SuperDividend ETF by 5.4% during the 3rd quarter. Stifel Financial Corp now owns 15,751 shares of the exchange traded fund’s stock valued at $371,000 after purchasing an additional 806 shares during the last quarter. FMR LLC increased its stake in Global X SuperDividend ETF by 151.4% during the 3rd quarter. FMR LLC now owns 1,556 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 937 shares in the last quarter. Finally, Founders Financial Alliance LLC raised its holdings in Global X SuperDividend ETF by 10.5% in the second quarter. Founders Financial Alliance LLC now owns 15,124 shares of the exchange traded fund’s stock worth $333,000 after buying an additional 1,431 shares during the last quarter.

About Global X SuperDividend ETF

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.