103,494 Shares in Global X Alternative Income ETF $ALTY Purchased by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC purchased a new stake in Global X Alternative Income ETF (NASDAQ:ALTY) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 103,494 shares of the company’s stock, valued at approximately $1,217,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC lifted its position in Global X Alternative Income ETF by 48.0% during the first quarter. Private Advisor Group LLC now owns 15,600 shares of the company’s stock valued at $187,000 after buying an additional 5,061 shares in the last quarter. Bank of America Corp DE increased its position in shares of Global X Alternative Income ETF by 13.9% in the first quarter. Bank of America Corp DE now owns 47,996 shares of the company’s stock worth $577,000 after acquiring an additional 5,872 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Global X Alternative Income ETF by 17.2% in the second quarter. Envestnet Asset Management Inc. now owns 60,813 shares of the company’s stock worth $755,000 after acquiring an additional 8,940 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Global X Alternative Income ETF in the first quarter worth $479,000.

Global X Alternative Income ETF Stock Down 0.6%

Shares of ALTY stock traded down $0.07 during mid-day trading on Wednesday, reaching $11.66. The company’s stock had a trading volume of 14,010 shares, compared to its average volume of 19,202. The company’s 50 day simple moving average is $12.10 and its 200-day simple moving average is $12.24. Global X Alternative Income ETF has a 12-month low of $11.65 and a 12-month high of $12.58. The firm has a market capitalization of $45.24 million, a PE ratio of 17.85 and a beta of 0.60.

Global X Alternative Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 13th. Investors of record on Monday, October 5th were given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend was Monday, October 5th.

About Global X Alternative Income ETF

The Global X Alternative Income ETF (ALTY) is an exchange-traded fund that is based on the Indxx SuperDividend Alternatives index. The fund tracks an index consisting of a variety of assets such as equity, debt securities and covered calls. Selected based on high dividend yield and low volatility. ALTY was launched on Jul 14, 2015 and is managed by Global X.