Global SuperDividend US ETF (NYSEARCA:DIV) Reaches New 52-Week High – Here’s Why

Global SuperDividend US ETF (NYSEARCA:DIV)’s share price reached a new 52-week high on Thursday . The stock traded as high as $18.83 and last traded at $18.78, with a volume of 81914 shares traded. The stock had previously closed at $18.78.

Global SuperDividend US ETF Stock Performance

The firm has a market capitalization of $671.37 million, a P/E ratio of 9.29 and a beta of 0.74. The firm has a 50-day moving average of $18.51 and a 200-day moving average of $17.87.

Hedge Funds Weigh In On Global SuperDividend US ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Global SuperDividend US ETF by 5.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,751 shares of the company’s stock valued at $427,000 after buying an additional 1,334 shares during the period. J.W. Cole Advisors Inc. increased its stake in shares of Global SuperDividend US ETF by 10.0% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 15,658 shares of the company’s stock worth $293,000 after purchasing an additional 1,419 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Global SuperDividend US ETF by 57.6% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 3,940 shares of the company’s stock worth $68,000 after purchasing an additional 1,440 shares in the last quarter. PFG Investments LLC increased its stake in shares of Global SuperDividend US ETF by 9.6% in the 3rd quarter. PFG Investments LLC now owns 17,527 shares of the company’s stock worth $328,000 after purchasing an additional 1,530 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Global SuperDividend US ETF by 2.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 80,288 shares of the company’s stock worth $1,385,000 after purchasing an additional 1,564 shares in the last quarter.

Global SuperDividend US ETF Company Profile

The Global X SuperDividend U.S. ETF (DIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equally weighted index of 50 high-dividend, low-volatility securities. DIV was launched on Mar 11, 2013 and is managed by Global X.