Global X SuperDividend ETF (NYSEARCA:SDIV) Reaches New 52-Week Low – Here’s Why

Shares of Global X SuperDividend ETF (NYSEARCA:SDIV) reached a new 52-week low during trading on Friday . The stock traded as low as $19.90 and last traded at $19.55, with a volume of 18021 shares trading hands. The stock had previously closed at $20.30.

Global X SuperDividend ETF Stock Performance

The firm has a market cap of $710.95 million, a PE ratio of 8.18 and a beta of 0.84. The stock has a 50 day simple moving average of $21.10 and a two-hundred day simple moving average of $21.54.

Hedge Funds Weigh In On Global X SuperDividend ETF

A number of hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC acquired a new stake in Global X SuperDividend ETF in the 4th quarter worth about $3,625,000. Ameriflex Group Inc. acquired a new stake in Global X SuperDividend ETF during the fourth quarter worth $72,000. GTS Securities LLC acquired a new position in Global X SuperDividend ETF in the fourth quarter valued at about $1,544,000. Cetera Investment Advisers boosted its position in shares of Global X SuperDividend ETF by 47.5% during the 4th quarter. Cetera Investment Advisers now owns 73,804 shares of the exchange traded fund’s stock worth $1,522,000 after purchasing an additional 23,758 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Global X SuperDividend ETF by 94.6% in the 4th quarter. Jane Street Group LLC now owns 257,506 shares of the exchange traded fund’s stock valued at $5,310,000 after buying an additional 125,212 shares during the period.

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.