Global X SuperDividend ETF (NYSEARCA:SDIV) Reaches New 1-Year Low – Should You Sell?

Shares of Global X SuperDividend ETF (NYSEARCA:SDIV) hit a new 52-week low on Monday. The company traded as low as $22.75 and last traded at $22.9960, with a volume of 252,766 shares trading hands. The stock had previously closed at $24.23.

Global X SuperDividend ETF Trading Down 0.2%

The stock has a market cap of $1.14 billion, a PE ratio of 8.00 and a beta of 0.73. The business’s 50-day moving average price is $24.21 and its 200-day moving average price is $24.98.

Hedge Funds Weigh In On Global X SuperDividend ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont acquired a new stake in Global X SuperDividend ETF during the 2nd quarter worth about $29,000. SouthState Bank Corp acquired a new stake in shares of Global X SuperDividend ETF in the first quarter worth $59,000. Integrated Wealth Concepts LLC purchased a new position in shares of Global X SuperDividend ETF during the second quarter worth $62,000. Geneos Wealth Management Inc. boosted its holdings in Global X SuperDividend ETF by 399.8% in the first quarter. Geneos Wealth Management Inc. now owns 2,684 shares of the exchange traded fund’s stock valued at $68,000 after purchasing an additional 2,147 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new stake in Global X SuperDividend ETF during the 1st quarter worth about $113,000.

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.