Global X SuperDividend ETF (NYSEARCA:SDIV) Sets New 52-Week Low – Here’s Why

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

Global X SuperDividend ETF Trading Down 4.8%

The company has a market cap of $1.14 billion, a price-to-earnings ratio of 8.00 and a beta of 0.73. The stock’s fifty day simple moving average is $24.29 and its 200 day simple moving average is $24.78.

Institutional Investors Weigh In On Global X SuperDividend ETF

Several large investors have recently modified their holdings of the stock. Trust Co. of Vermont purchased a new position in Global X SuperDividend ETF in the second quarter valued at about $29,000. SouthState Bank Corp acquired a new stake in shares of Global X SuperDividend ETF during the first quarter worth approximately $59,000. Integrated Wealth Concepts LLC acquired a new stake in Global X SuperDividend ETF during the second quarter worth about $62,000. Geneos Wealth Management Inc. grew its stake in shares of 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 worth $68,000 after purchasing an additional 2,147 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in Global X SuperDividend ETF in the first quarter worth approximately $113,000.

About Global X SuperDividend ETF

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.