Global X SuperDividend REIT ETF (NASDAQ:SRET) Stock Price Up 0.5% – What’s Next?

Shares of Global X SuperDividend REIT ETF (NASDAQ:SRET) shot up 0.5% during mid-day trading on Wednesday . The company traded as high as $21.86 and last traded at $21.83. 281,750 shares changed hands during trading, an increase of 632% from the average session volume of 38,477 shares. The stock had previously closed at $21.73.

Global X SuperDividend REIT ETF Price Performance

The stock has a market capitalization of $204.98 million, a P/E ratio of 16.47 and a beta of 0.93. The stock has a fifty day moving average price of $21.74 and a 200 day moving average price of $21.52.

Global X SuperDividend REIT ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, December 3rd were paid a $0.145 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a c) annualized dividend and a yield of 8.0%.

Institutional Investors Weigh In On Global X SuperDividend REIT ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC bought a new position in shares of Global X SuperDividend REIT ETF in the first quarter valued at approximately $210,000. Janney Montgomery Scott LLC lifted its stake in Global X SuperDividend REIT ETF by 7.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 17,778 shares of the company’s stock worth $376,000 after purchasing an additional 1,237 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Global X SuperDividend REIT ETF in the 2nd quarter worth approximately $26,000. Sigma Planning Corp boosted its holdings in Global X SuperDividend REIT ETF by 99.3% in the 2nd quarter. Sigma Planning Corp now owns 28,890 shares of the company’s stock valued at $611,000 after purchasing an additional 14,394 shares during the period. Finally, AE Wealth Management LLC boosted its holdings in Global X SuperDividend REIT ETF by 30.6% in the 2nd quarter. AE Wealth Management LLC now owns 3,529 shares of the company’s stock valued at $75,000 after purchasing an additional 826 shares during the period.

Global X SuperDividend REIT ETF Company Profile

The Global X SuperDividend REIT ETF (SRET) is an exchange-traded fund that is based on the Solactive Global Superdividend REIT index. The fund tracks an equal-weighted index of global REITs, choosing 30 high-yield, low-volatility companies. SRET was launched on Mar 17, 2015 and is managed by Global X.