Global X SuperDividend ETF (NYSEARCA:SDIV) Sees Unusually-High Trading Volume – Here’s What Happened

Global X SuperDividend ETF (NYSEARCA:SDIV) shares saw unusually-strong trading volume on Monday . 420,674 shares changed hands during trading, a decline of 28% from the previous session’s volume of 580,400 shares.The stock last traded at $24.64 and had previously closed at $24.81.

Global X SuperDividend ETF Price Performance

The stock has a market cap of $1.20 billion, a P/E ratio of 8.00 and a beta of 0.72. The company has a fifty day moving average of $24.61 and a 200 day moving average of $25.25.

Institutional Trading of Global X SuperDividend ETF

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Global X SuperDividend ETF by 10.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 86,471 shares of the exchange traded fund’s stock worth $1,950,000 after purchasing an additional 8,274 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Global X SuperDividend ETF by 7.5% during the second quarter. NewEdge Advisors LLC now owns 75,791 shares of the exchange traded fund’s stock valued at $1,709,000 after purchasing an additional 5,272 shares during the last quarter. Sei Investments Co. boosted its holdings in Global X SuperDividend ETF by 13.1% during the second quarter. Sei Investments Co. now owns 39,944 shares of the exchange traded fund’s stock worth $901,000 after buying an additional 4,628 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Global X SuperDividend ETF by 3.0% during the second quarter. Raymond James Financial Inc. now owns 81,692 shares of the exchange traded fund’s stock worth $1,842,000 after buying an additional 2,372 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Global X SuperDividend ETF during the second quarter worth approximately $385,000.

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.