Global X Alternative Income ETF (NASDAQ:ALTY) Trading Up 0.1% – Time to Buy?

Global X Alternative Income ETF (NASDAQ:ALTY) shares shot up 0.1% on Wednesday . The stock traded as high as $12.04 and last traded at $12.03. 3,785 shares were traded during mid-day trading, a decline of 78% from the average session volume of 17,271 shares. The stock had previously closed at $12.02.

Global X Alternative Income ETF Stock Performance

The firm has a market cap of $38.62 million, a price-to-earnings ratio of 17.85 and a beta of 0.69. The business’s 50-day moving average is $11.94 and its 200-day moving average is $11.79.

Global X Alternative Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, December 3rd were paid a $0.077 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. This is an increase from Global X Alternative Income ETF’s previous monthly dividend of $0.08. The ex-dividend date was Wednesday, December 3rd.

Institutional Investors Weigh In On Global X Alternative Income ETF

A number of large investors have recently bought and sold shares of ALTY. Advisory Services Network LLC bought a new position in Global X Alternative Income ETF in the 3rd quarter valued at $61,000. Bank of America Corp DE increased its stake in shares of Global X Alternative Income ETF by 27.8% in the third quarter. Bank of America Corp DE now owns 30,837 shares of the company’s stock valued at $366,000 after buying an additional 6,706 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Global X Alternative Income ETF in the third quarter valued at about $367,000. Truist Financial Corp raised its holdings in shares of Global X Alternative Income ETF by 57.0% in the third quarter. Truist Financial Corp now owns 27,480 shares of the company’s stock valued at $326,000 after buying an additional 9,973 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its position in Global X Alternative Income ETF by 273.1% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 61,341 shares of the company’s stock worth $728,000 after buying an additional 44,899 shares in the last quarter.

Global X Alternative Income ETF Company 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.