Global X SuperDividend ETF (NYSEARCA:SDIV) Sets New 1-Year High – Should You Buy?

Global X SuperDividend ETF (NYSEARCA:SDIV) shares reached a new 52-week high on Monday . The company traded as high as $24.82 and last traded at $24.8450, with a volume of 174186 shares trading hands. The stock had previously closed at $24.77.

Global X SuperDividend ETF Trading Up 0.5%

The stock has a market cap of $1.12 billion, a PE ratio of 8.00 and a beta of 0.85. The company’s 50 day moving average is $24.11 and its 200-day moving average is $23.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SDIV. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Global X SuperDividend ETF in the 2nd quarter worth about $86,000. Fiduciary Alliance LLC bought a new position in shares of Global X SuperDividend ETF during the third quarter worth about $602,000. Cetera Investment Advisers lifted its position in shares of Global X SuperDividend ETF by 18.9% during the second 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 last quarter. Synergy Asset Management LLC bought a new position in shares of Global X SuperDividend ETF during the second quarter worth about $1,973,000. Finally, Kingstone Capital Partners Texas LLC grew its stake in Global X SuperDividend ETF by 115,987.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 12,402,814 shares of the exchange traded fund’s stock worth $268,155,000 after purchasing an additional 12,392,130 shares in 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.