Global X SuperDividend U.S. ETF (NYSEARCA:DIV) Hits New 52-Week High – What’s Next?

Global X SuperDividend U.S. ETF (NYSEARCA:DIV)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $19.98 and last traded at $19.98, with a volume of 80030 shares. The stock had previously closed at $19.78.

Global X SuperDividend U.S. ETF Stock Performance

The company has a market cap of $788.24 million, a price-to-earnings ratio of 11.57 and a beta of 0.59. The company has a fifty day moving average of $19.26 and a two-hundred day moving average of $19.05.

Institutional Trading of Global X SuperDividend U.S. ETF

A number of hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp bought a new stake in shares of Global X SuperDividend U.S. ETF during the first quarter worth about $42,000. Raleigh Capital Management Inc. acquired a new stake in Global X SuperDividend U.S. ETF during the 4th quarter worth approximately $62,000. SouthState Bank Corp bought a new stake in Global X SuperDividend U.S. ETF during the 1st quarter worth approximately $94,000. SBI Securities Co. Ltd. grew its holdings in Global X SuperDividend U.S. ETF by 8.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 7,047 shares of the company’s stock worth $122,000 after acquiring an additional 546 shares during the last quarter. Finally, Prostatis Group LLC acquired a new position in Global X SuperDividend U.S. ETF in the 4th quarter valued at approximately $175,000.

About Global X SuperDividend U.S. ETF

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.