Global X SuperDividend ETF (NYSEARCA:SDIV) Sees Large Volume Increase – Still a Buy?

Global X SuperDividend ETF (NYSEARCA:SDIV) saw an uptick in trading volume on Friday . 423,013 shares traded hands during trading, a decline of 24% from the previous session’s volume of 554,049 shares.The stock last traded at $25.0050 and had previously closed at $25.11.

Global X SuperDividend ETF Stock Down 0.1%

The company has a fifty day simple moving average of $24.74 and a 200-day simple moving average of $25.12. The firm has a market cap of $1.23 billion, a P/E ratio of 8.00 and a beta of 0.72.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Foguth Wealth Management LLC. increased its holdings in Global X SuperDividend ETF by 219.8% in the 1st quarter. Foguth Wealth Management LLC. now owns 1,266,289 shares of the exchange traded fund’s stock worth $31,771,000 after acquiring an additional 870,372 shares in the last quarter. LPL Financial LLC lifted its holdings in Global X SuperDividend ETF by 10.1% during the fourth quarter. LPL Financial LLC now owns 1,019,626 shares of the exchange traded fund’s stock valued at $24,502,000 after purchasing an additional 93,821 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Global X SuperDividend ETF by 48.3% in the fourth quarter. Principal Securities Inc. now owns 275,101 shares of the exchange traded fund’s stock worth $6,611,000 after purchasing an additional 89,635 shares during the period. Potomac Fund Management Inc. ADV boosted its position in shares of Global X SuperDividend ETF by 15.8% in the fourth quarter. Potomac Fund Management Inc. ADV now owns 584,970 shares of the exchange traded fund’s stock worth $14,057,000 after purchasing an additional 80,000 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Global X SuperDividend ETF by 47.8% in the fourth quarter. Cetera Investment Advisers now owns 245,479 shares of the exchange traded fund’s stock worth $5,899,000 after purchasing an additional 79,398 shares during the period.

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.