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

Global X SuperDividend ETF (NYSEARCA:SDIV)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $20.37 and last traded at $20.45, with a volume of 311235 shares trading hands. The stock had previously closed at $20.92.

Global X SuperDividend ETF Price Performance

The firm’s 50-day moving average price is $21.94 and its 200 day moving average price is $22.22. The firm has a market capitalization of $718.02 million, a price-to-earnings ratio of 3.72 and a beta of 0.93.

Institutional Trading of Global X SuperDividend ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its holdings in shares of Global X SuperDividend ETF by 2.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 21,520 shares of the exchange traded fund’s stock worth $507,000 after acquiring an additional 551 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Global X SuperDividend ETF by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,266 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 712 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Global X SuperDividend ETF by 5.4% in the 3rd quarter. Stifel Financial Corp now owns 15,751 shares of the exchange traded fund’s stock valued at $371,000 after purchasing an additional 806 shares during the last quarter. FMR LLC grew its position in Global X SuperDividend ETF by 151.4% during the third quarter. FMR LLC now owns 1,556 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 937 shares during the period. Finally, Founders Financial Alliance LLC grew its holdings in shares of Global X SuperDividend ETF by 10.5% during the 2nd quarter. Founders Financial Alliance LLC now owns 15,124 shares of the exchange traded fund’s stock worth $333,000 after purchasing an additional 1,431 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.