Global X Alternative Income ETF (NASDAQ:ALTY) to Issue $0.08 Dividend

Global X Alternative Income ETF (NASDAQ:ALTY) announced a dividend on Thursday, April 2nd, NASDAQ Dividends reports. Stockholders of record on Monday, April 6th will be given a dividend of 0.0783 per share on Monday, April 13th. The ex-dividend date is Monday, April 6th.

Global X Alternative Income ETF Stock Performance

Global X Alternative Income ETF stock remained flat at $12.10 during trading hours on Friday. The company’s stock had a trading volume of 8,150 shares, compared to its average volume of 22,510. Global X Alternative Income ETF has a 52-week low of $10.57 and a 52-week high of $12.58. The firm has a 50 day moving average price of $12.26 and a 200-day moving average price of $12.06. The firm has a market capitalization of $44.17 million, a price-to-earnings ratio of 17.85 and a beta of 0.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Harbour Investments Inc. acquired a new stake in shares of Global X Alternative Income ETF during the 4th quarter worth approximately $45,000. Advisory Services Network LLC bought a new position in Global X Alternative Income ETF in the third quarter worth $61,000. Kestra Advisory Services LLC acquired a new stake in Global X Alternative Income ETF during the fourth quarter worth $73,000. Bank of America Corp DE boosted its stake in Global X Alternative Income ETF by 60.6% during the fourth quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock worth $98,000 after buying an additional 3,188 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in Global X Alternative Income ETF by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 17,783 shares of the company’s stock valued at $207,000 after buying an additional 1,194 shares during the period.

About Global X Alternative Income ETF

The Global X Alternative Income ETF (ALTY) is an exchange-traded fund that is based on the Indxx SuperDividend Alternatives index. The fund tracks an index consisting of a variety of assets such as equity, debt securities and covered calls. Selected based on high dividend yield and low volatility. ALTY was launched on Jul 14, 2015 and is managed by Global X.