Global SuperDividend US ETF (NYSEARCA:DIV) Sees Large Volume Increase – Still a Buy?

Shares of Global SuperDividend US ETF (NYSEARCA:DIV) saw unusually-strong trading volume on Thursday . Approximately 88,896 shares changed hands during mid-day trading, a decline of 38% from the previous session’s volume of 144,283 shares.The stock last traded at $18.35 and had previously closed at $18.35.

Global SuperDividend US ETF Stock Performance

The stock has a market cap of $661.72 million, a price-to-earnings ratio of 9.29 and a beta of 0.74. The company’s 50 day simple moving average is $18.46 and its 200 day simple moving average is $18.33.

Hedge Funds Weigh In On Global SuperDividend US ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. B.O.S.S. Retirement Advisors LLC grew its stake in shares of Global SuperDividend US ETF by 344.3% in the 4th quarter. B.O.S.S. Retirement Advisors LLC now owns 107,666 shares of the company’s stock worth $1,941,000 after purchasing an additional 83,431 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Global SuperDividend US ETF in the third quarter worth approximately $860,000. Curran Financial Partners LLC grew its position in Global SuperDividend US ETF by 9.5% in the fourth quarter. Curran Financial Partners LLC now owns 316,714 shares of the company’s stock worth $5,711,000 after buying an additional 27,381 shares during the last quarter. Good Life Advisors LLC increased its holdings in shares of Global SuperDividend US ETF by 102.7% in the third quarter. Good Life Advisors LLC now owns 48,722 shares of the company’s stock valued at $911,000 after buying an additional 24,680 shares in the last quarter. Finally, Kraft Davis & Associates LLC acquired a new stake in shares of Global SuperDividend US ETF during the 3rd quarter valued at $402,000.

Global SuperDividend US ETF Company Profile

The Global X SuperDividend U.S. ETF (DIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equally weighted index of 50 high-dividend, low-volatility securities. DIV was launched on Mar 11, 2013 and is managed by Global X.