Global X SuperDividend ETF (NYSEARCA:SDIV) Hits New 12-Month High – Should You Buy?

Global X SuperDividend ETF (NYSEARCA:SDIV) hit a new 52-week high during trading on Monday . The stock traded as high as $26.44 and last traded at $26.3350, with a volume of 1888013 shares trading hands. The stock had previously closed at $26.23.

Global X SuperDividend ETF Stock Performance

The stock has a 50 day moving average of $25.42 and a two-hundred day moving average of $24.40. The stock has a market cap of $1.20 billion, a PE ratio of 8.00 and a beta of 0.85.

Global X SuperDividend ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, February 4th were given a $0.19 dividend. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend was Wednesday, February 4th.

Hedge Funds Weigh In On Global X SuperDividend ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp purchased a new position in Global X SuperDividend ETF during the 3rd quarter worth approximately $25,000. Advocate Investing Services LLC acquired a new stake in shares of Global X SuperDividend ETF in the fourth quarter worth $26,000. Total Investment Management Inc. purchased a new position in shares of Global X SuperDividend ETF during the second quarter valued at $34,000. SHP Wealth Management acquired a new position in Global X SuperDividend ETF during the fourth quarter valued at $40,000. Finally, MAI Capital Management raised its position in Global X SuperDividend ETF by 51,150.0% during the second quarter. MAI Capital Management now owns 2,050 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 2,046 shares during the period.

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.