Global X SuperDividend U.S. ETF (NYSEARCA:DIV) Hits New 1-Year High – Time to Buy?

Global X SuperDividend U.S. ETF (NYSEARCA:DIV)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $19.70 and last traded at $19.6740, with a volume of 93002 shares. The stock had previously closed at $19.62.

Global X SuperDividend U.S. ETF Price Performance

The firm has a market cap of $739.47 million, a price-to-earnings ratio of 11.57 and a beta of 0.67. The business’s 50-day moving average price is $18.42 and its two-hundred day moving average price is $17.84.

Global X SuperDividend U.S. ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Wednesday, February 4th were paid a dividend of $0.102 per share. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a c) annualized dividend and a dividend yield of 6.2%.

Hedge Funds Weigh In On Global X SuperDividend U.S. ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Trust Co. of Vermont acquired a new position in shares of Global X SuperDividend U.S. ETF during the third quarter worth $27,000. Raleigh Capital Management Inc. acquired a new position in Global X SuperDividend U.S. ETF in the 4th quarter worth $62,000. GPS Wealth Strategies Group LLC boosted its position in Global X SuperDividend U.S. ETF by 366.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 4,639 shares of the company’s stock valued at $82,000 after buying an additional 3,644 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Global X SuperDividend U.S. ETF by 8.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 7,047 shares of the company’s stock valued at $122,000 after acquiring an additional 546 shares in the last quarter. Finally, Prostatis Group LLC purchased a new stake in shares of Global X SuperDividend U.S. ETF during the fourth quarter worth about $175,000.

About Global X SuperDividend U.S. ETF

The Global X SuperDividend U.S. ETF (DIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equally weighted index of 50 high-dividend, low-volatility securities. DIV was launched on Mar 11, 2013 and is managed by Global X.