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

Global X SuperDividend ETF (NYSEARCA:SDIV)’s stock price hit a new 52-week low on Tuesday. The company traded as low as $21.93 and last traded at $21.9650, with a volume of 164,264 shares traded. The stock had previously closed at $22.29.

Global X SuperDividend ETF Stock Down 1.3%

The company has a market capitalization of $1.07 billion, a PE ratio of 8.00 and a beta of 0.76. The company’s 50 day moving average is $23.78 and its two-hundred day moving average is $24.86.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SDIV. HighTower Advisors LLC purchased a new stake in shares of Global X SuperDividend ETF in the third quarter worth about $534,000. Western Wealth Management LLC boosted its stake in Global X SuperDividend ETF by 4.1% during the third quarter. Western Wealth Management LLC now owns 13,486 shares of the exchange traded fund’s stock valued at $315,000 after buying an additional 537 shares during the last quarter. Harbour Investments Inc. purchased a new position in Global X SuperDividend ETF during the 3rd quarter valued at approximately $182,000. M Holdings Securities Inc. purchased a new position in Global X SuperDividend ETF during the 3rd quarter valued at approximately $746,000. Finally, StoneX Group Inc. purchased a new position in Global X SuperDividend ETF during the 3rd quarter valued at approximately $395,000.

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.