Global X SuperDividend ETF (NYSEARCA:SDIV) Sees Strong Trading Volume – Here’s Why

Global X SuperDividend ETF (NYSEARCA:SDIV) shares saw an uptick in trading volume on Wednesday . 493,315 shares traded hands during trading, an increase of 30% from the previous session’s volume of 379,224 shares.The stock last traded at $23.8050 and had previously closed at $23.86.

Global X SuperDividend ETF Stock Performance

The firm has a market capitalization of $1.02 billion, a P/E ratio of 8.00 and a beta of 0.85. The firm’s 50-day moving average is $23.82 and its 200 day moving average is $23.36.

Institutional Investors Weigh In On Global X SuperDividend ETF

A number of institutional investors have recently modified their holdings of SDIV. Kingstone Capital Partners Texas LLC boosted its position in shares of Global X SuperDividend ETF by 115,987.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 12,402,814 shares of the exchange traded fund’s stock valued at $268,155,000 after buying an additional 12,392,130 shares during the last quarter. Howard Capital Management Inc. boosted its holdings in Global X SuperDividend ETF by 12.7% during the 3rd quarter. Howard Capital Management Inc. now owns 768,216 shares of the exchange traded fund’s stock worth $18,422,000 after acquiring an additional 86,466 shares during the last quarter. Signal Advisors Wealth LLC grew its stake in shares of Global X SuperDividend ETF by 723.0% in the 2nd quarter. Signal Advisors Wealth LLC now owns 528,346 shares of the exchange traded fund’s stock worth $11,914,000 after acquiring an additional 464,151 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Global X SuperDividend ETF by 4.8% in the third quarter. Bank of America Corp DE now owns 430,362 shares of the exchange traded fund’s stock valued at $10,320,000 after purchasing an additional 19,686 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of Global X SuperDividend ETF by 12.4% in the second quarter. Osaic Holdings Inc. now owns 200,139 shares of the exchange traded fund’s stock valued at $4,515,000 after purchasing an additional 22,014 shares during the last quarter.

Global X SuperDividend ETF Company Profile

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.