Founders Financial Alliance LLC Sells 806 Shares of Global X SuperDividend REIT ETF (NASDAQ:SRET)

Founders Financial Alliance LLC decreased its holdings in Global X SuperDividend REIT ETF (NASDAQ:SRET) by 18.7% in the fourth quarter, Holdings Channel reports. The fund owned 3,515 shares of the company’s stock after selling 806 shares during the quarter. Founders Financial Alliance LLC’s holdings in Global X SuperDividend REIT ETF were worth $70,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of Global X SuperDividend REIT ETF in the 4th quarter valued at approximately $941,000. Crews Bank & Trust purchased a new stake in Global X SuperDividend REIT ETF during the 4th quarter valued at $64,000. Janney Montgomery Scott LLC lifted its position in Global X SuperDividend REIT ETF by 79.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,625 shares of the company’s stock worth $333,000 after buying an additional 7,347 shares during the last quarter. MML Investors Services LLC purchased a new position in Global X SuperDividend REIT ETF during the third quarter worth $279,000. Finally, HighTower Advisors LLC bought a new position in Global X SuperDividend REIT ETF during the third quarter valued at $222,000.

Global X SuperDividend REIT ETF Trading Down 1.7 %

Global X SuperDividend REIT ETF stock opened at $20.90 on Wednesday. The firm has a market capitalization of $185.17 million, a PE ratio of 15.40 and a beta of 1.22. Global X SuperDividend REIT ETF has a 12-month low of $18.90 and a 12-month high of $22.88. The firm has a 50-day moving average price of $20.56 and a 200-day moving average price of $21.17.

Global X SuperDividend REIT ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.144 per share. The ex-dividend date of this dividend is Wednesday, March 5th.

Global X SuperDividend REIT ETF Profile

The Global X SuperDividend REIT ETF (SRET) is an exchange-traded fund that is based on the Solactive Global Superdividend REIT index. The fund tracks an equal-weighted index of global REITs, choosing 30 high-yield, low-volatility companies. SRET was launched on Mar 17, 2015 and is managed by Global X.