Global X SuperDividend ETF (NYSEARCA:SDIV) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Global X SuperDividend ETF (NYSEARCA:SDIV)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $21.37 and traded as low as $20.80. Global X SuperDividend ETF shares last traded at $20.85, with a volume of 251,023 shares trading hands.

Global X SuperDividend ETF Stock Performance

The stock has a market capitalization of $733.50 million, a PE ratio of 3.72 and a beta of 0.93. The firm has a 50 day moving average of $21.37 and a 200-day moving average of $22.07.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SDIV. Stifel Financial Corp increased its position in Global X SuperDividend ETF by 5.4% in the 3rd quarter. Stifel Financial Corp now owns 15,751 shares of the exchange traded fund’s stock worth $371,000 after purchasing an additional 806 shares during the last quarter. FMR LLC grew its stake in shares of Global X SuperDividend ETF by 151.4% in the 3rd quarter. FMR LLC now owns 1,556 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 937 shares in the last quarter. HighTower Advisors LLC increased its holdings in Global X SuperDividend ETF by 35.4% in the third quarter. HighTower Advisors LLC now owns 25,616 shares of the exchange traded fund’s stock worth $604,000 after buying an additional 6,699 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Global X SuperDividend ETF by 2.6% during the third quarter. Rockefeller Capital Management L.P. now owns 21,520 shares of the exchange traded fund’s stock valued at $507,000 after acquiring an additional 551 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Global X SuperDividend ETF by 45.8% in the third quarter. Farther Finance Advisors LLC now owns 2,266 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 712 shares during the last quarter.

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.