Global X SuperDividend ETF (NYSEARCA:SDIV) Shares Pass Above 50 Day Moving Average – Time to Sell?

Shares of Global X SuperDividend ETF (NYSEARCA:SDIV) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $24.78 and traded as high as $26.13. Global X SuperDividend ETF shares last traded at $26.08, with a volume of 763,869 shares.

Global X SuperDividend ETF Price Performance

The firm’s 50-day moving average is $24.78 and its 200 day moving average is $24.09. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 8.00 and a beta of 0.85.

Global X SuperDividend ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, February 4th will be issued a dividend of $0.19 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Wednesday, February 4th.

Institutional Investors Weigh In On Global X SuperDividend ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Global X SuperDividend ETF in the 2nd quarter valued at $86,000. Fiduciary Alliance LLC purchased a new stake in shares of Global X SuperDividend ETF in the third quarter worth about $602,000. Cetera Investment Advisers grew its stake in shares of Global X SuperDividend ETF by 18.9% in the second quarter. Cetera Investment Advisers now owns 103,842 shares of the exchange traded fund’s stock valued at $2,342,000 after buying an additional 16,496 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Global X SuperDividend ETF during the 2nd quarter valued at about $268,000. Finally, Envestnet Asset Management Inc. lifted its position in Global X SuperDividend ETF by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 64,381 shares of the exchange traded fund’s stock worth $1,452,000 after acquiring an additional 2,312 shares in the last quarter.

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.