Global X Alternative Income ETF $ALTY Stake Raised by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC increased its holdings in Global X Alternative Income ETF (NASDAQ:ALTY) by 273.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,341 shares of the company’s stock after buying an additional 44,899 shares during the quarter. Kingswood Wealth Advisors LLC owned about 1.94% of Global X Alternative Income ETF worth $728,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in Global X Alternative Income ETF by 54.0% during the 2nd quarter. Bank of America Corp DE now owns 24,131 shares of the company’s stock valued at $281,000 after acquiring an additional 8,457 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Global X Alternative Income ETF by 7.2% during the second quarter. Cetera Investment Advisers now owns 17,783 shares of the company’s stock valued at $207,000 after purchasing an additional 1,194 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Global X Alternative Income ETF by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 44,703 shares of the company’s stock valued at $521,000 after purchasing an additional 1,029 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in Global X Alternative Income ETF by 14.8% in the second quarter. Truist Financial Corp now owns 17,507 shares of the company’s stock worth $204,000 after purchasing an additional 2,252 shares during the period.

Global X Alternative Income ETF Stock Up 0.2%

Shares of ALTY opened at $12.10 on Friday. The firm has a market capitalization of $41.50 million, a PE ratio of 17.85 and a beta of 0.69. The firm has a 50-day moving average price of $11.96 and a 200 day moving average price of $11.83. Global X Alternative Income ETF has a 52-week low of $10.57 and a 52-week high of $12.12.

Global X Alternative Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were paid a dividend of $0.075 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date was Tuesday, December 30th.

Global X Alternative Income ETF Profile

The Global X Alternative Income ETF (ALTY) is an exchange-traded fund that is based on the Indxx SuperDividend Alternatives index. The fund tracks an index consisting of a variety of assets such as equity, debt securities and covered calls. Selected based on high dividend yield and low volatility. ALTY was launched on Jul 14, 2015 and is managed by Global X.