Global X SuperDividend ETF (NYSEARCA:SDIV) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Global X SuperDividend ETF (NYSEARCA:SDIVGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.14 and traded as low as $24.87. Global X SuperDividend ETF shares last traded at $24.91, with a volume of 172,069 shares changing hands.

Global X SuperDividend ETF Stock Up 1.4%

The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 8.00 and a beta of 0.72. The company has a 50-day moving average price of $24.70 and a 200 day moving average price of $25.13.

Institutional Trading of Global X SuperDividend ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in Global X SuperDividend ETF by 10.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 86,471 shares of the exchange traded fund’s stock valued at $1,950,000 after buying an additional 8,274 shares during the last quarter. NewEdge Advisors LLC grew its position in Global X SuperDividend ETF by 7.5% in the second quarter. NewEdge Advisors LLC now owns 75,791 shares of the exchange traded fund’s stock valued at $1,709,000 after acquiring an additional 5,272 shares during the period. Sei Investments Co. increased its position in shares of Global X SuperDividend ETF by 13.1% during the 2nd quarter. Sei Investments Co. now owns 39,944 shares of the exchange traded fund’s stock worth $901,000 after purchasing an additional 4,628 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Global X SuperDividend ETF by 3.0% in the second quarter. Raymond James Financial Inc. now owns 81,692 shares of the exchange traded fund’s stock valued at $1,842,000 after acquiring an additional 2,372 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Global X SuperDividend ETF in the 2nd quarter valued at $385,000.

About Global X SuperDividend ETF

(Get Free Report)

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.

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