Global X SuperDividend ETF (NYSEARCA:SDIV) Hits New 1-Year Low – Time to Sell?

Global X SuperDividend ETF (NYSEARCA:SDIV) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $17.87 and last traded at $19.17, with a volume of 557922 shares traded. The stock had previously closed at $18.10.

Global X SuperDividend ETF Price Performance

The company has a market capitalization of $713.19 million, a P/E ratio of 8.18 and a beta of 0.84. The stock’s fifty day simple moving average is $20.75 and its 200-day simple moving average is $21.35.

Institutional Investors Weigh In On Global X SuperDividend ETF

Large investors have recently made changes to their positions in the company. FMR LLC raised its holdings in Global X SuperDividend ETF by 151.4% in the third quarter. FMR LLC now owns 1,556 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 937 shares during the period. Farther Finance Advisors LLC raised its holdings in Global X SuperDividend ETF by 34.8% during the fourth quarter. Farther Finance Advisors LLC now owns 3,054 shares of the exchange traded fund’s stock worth $63,000 after acquiring an additional 788 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Global X SuperDividend ETF in the 4th quarter valued at approximately $72,000. Principal Securities Inc. grew its position in shares of Global X SuperDividend ETF by 1,133.3% in the 4th quarter. Principal Securities Inc. now owns 3,515 shares of the exchange traded fund’s stock valued at $72,000 after acquiring an additional 3,230 shares during the period. Finally, Crews Bank & Trust bought a new stake in Global X SuperDividend ETF in the fourth quarter valued at approximately $75,000.

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.