Global X SuperDividend U.S. ETF (NYSEARCA:DIV) Sets New 12-Month High – Here’s Why

Global X SuperDividend U.S. ETF (NYSEARCA:DIV) shares reached a new 52-week high during trading on Thursday . The company traded as high as $19.79 and last traded at $19.79, with a volume of 109891 shares traded. The stock had previously closed at $19.42.

Global X SuperDividend U.S. ETF Stock Performance

The company has a market capitalization of $777.95 million, a price-to-earnings ratio of 11.57 and a beta of 0.59. The company has a 50-day moving average price of $19.19 and a 200-day moving average price of $18.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new position in shares of Global X SuperDividend U.S. ETF in the 1st quarter valued at approximately $255,000. Bank of America Corp DE increased its position in shares of Global X SuperDividend U.S. ETF by 7.9% in the first quarter. Bank of America Corp DE now owns 412,373 shares of the company’s stock valued at $7,794,000 after acquiring an additional 30,060 shares during the last quarter. Sei Investments Co. raised its stake in shares of Global X SuperDividend U.S. ETF by 352.6% during the 1st quarter. Sei Investments Co. now owns 47,691 shares of the company’s stock worth $901,000 after purchasing an additional 37,154 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in Global X SuperDividend U.S. ETF during the first quarter worth $298,000. Finally, SouthState Bank Corp bought a new stake in shares of Global X SuperDividend U.S. ETF in the 1st quarter valued at about $94,000.

About Global X SuperDividend U.S. ETF

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.