MML Investors Services LLC Makes New Investment in Global X SuperDividend REIT ETF (NASDAQ:SRET)

MML Investors Services LLC acquired a new position in Global X SuperDividend REIT ETF (NASDAQ:SRET) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,393 shares of the company’s stock, valued at approximately $279,000. MML Investors Services LLC owned 0.12% of Global X SuperDividend REIT ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SRET. HighTower Advisors LLC acquired a new stake in Global X SuperDividend REIT ETF in the 3rd quarter valued at $222,000. Axiom Advisory LLC grew its stake in shares of Global X SuperDividend REIT ETF by 3.9% in the third quarter. Axiom Advisory LLC now owns 17,874 shares of the company’s stock valued at $384,000 after buying an additional 668 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Global X SuperDividend REIT ETF by 28.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,040,000 shares of the company’s stock valued at $20,738,000 after buying an additional 230,000 shares during the period.

Global X SuperDividend REIT ETF Stock Up 1.1 %

NASDAQ SRET opened at $20.31 on Thursday. Global X SuperDividend REIT ETF has a fifty-two week low of $18.90 and a fifty-two week high of $22.88. The business has a 50 day moving average price of $21.16 and a two-hundred day moving average price of $21.21. The stock has a market cap of $209.19 million, a PE ratio of 9.61 and a beta of 1.22.

Global X SuperDividend REIT ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were paid a $0.155 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $1.86 annualized dividend and a dividend yield of 9.16%.

Global X SuperDividend REIT ETF 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.