Global X SuperDividend ETF (NYSEARCA:SDIV) Stock Passes Below 200-Day Moving Average – Here’s Why

Global X SuperDividend ETF (NYSEARCA:SDIV) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.22 and traded as low as $24.57. Global X SuperDividend ETF shares last traded at $24.66, with a volume of 283,099 shares trading hands.

Global X SuperDividend ETF Trading Up 1.3%

The business has a fifty day simple moving average of $24.61 and a two-hundred day simple moving average of $25.21. The company has a market cap of $1.22 billion, a PE ratio of 8.00 and a beta of 0.72.

Hedge Funds Weigh In On Global X SuperDividend ETF

Several hedge funds and other institutional investors have recently modified their holdings of SDIV. Advocate Investing Services LLC acquired a new stake in Global X SuperDividend ETF in the 4th quarter valued at about $26,000. Trust Co. of Vermont acquired a new position in shares of Global X SuperDividend ETF during the 2nd quarter worth approximately $29,000. SHP Wealth Management purchased a new stake in shares of Global X SuperDividend ETF in the fourth quarter valued at approximately $40,000. SouthState Bank Corp purchased a new stake in shares of Global X SuperDividend ETF in the first quarter valued at approximately $59,000. Finally, CWM LLC increased its holdings in shares of Global X SuperDividend ETF by 18.9% in the fourth quarter. CWM LLC now owns 2,641 shares of the exchange traded fund’s stock valued at $63,000 after purchasing an additional 420 shares during 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.