Global X SuperDividend ETF (NYSEARCA:SDIV) Sees Strong Trading Volume – Time to Buy?

Global X SuperDividend ETF (NYSEARCA:SDIV) shares saw an uptick in trading volume on Tuesday . 143,794 shares traded hands during trading, a decline of 37% from the previous session’s volume of 229,931 shares.The stock last traded at $21.01 and had previously closed at $21.12.

Global X SuperDividend ETF Stock Down 0.9 %

The stock has a market cap of $736.49 million, a price-to-earnings ratio of 3.72 and a beta of 0.93. The company’s 50-day moving average is $21.07 and its 200-day moving average is $21.94.

Hedge Funds Weigh In On Global X SuperDividend ETF

A number of hedge funds have recently modified their holdings of SDIV. Strategic Financial Concepts LLC raised its stake in Global X SuperDividend ETF by 1,962.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,094,055 shares of the exchange traded fund’s stock worth $22,559,000 after acquiring an additional 1,041,001 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Global X SuperDividend ETF in the second quarter valued at $1,387,000. Goldstone Financial Group LLC bought a new position in shares of Global X SuperDividend ETF in the third quarter valued at about $1,009,000. Fifth Third Securities Inc. raised its holdings in shares of Global X SuperDividend ETF by 42.5% in the fourth quarter. Fifth Third Securities Inc. now owns 111,463 shares of the exchange traded fund’s stock valued at $2,298,000 after buying an additional 33,263 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its position in Global X SuperDividend ETF by 384.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 35,963 shares of the exchange traded fund’s stock worth $792,000 after buying an additional 28,543 shares in the last quarter.

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.