Global X MSCI SuperDividend EAFE ETF (NASDAQ:EFAS) Stock Jumps 0.3% – Time to Buy?

Shares of Global X MSCI SuperDividend EAFE ETF (NASDAQ:EFAS) shot up 0.3% during trading on Monday. The company traded as high as $22.42 and last traded at $22.36. Approximately 12,689 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 19,989 shares. The stock had previously closed at $22.30.

Global X MSCI SuperDividend EAFE ETF Price Performance

The stock’s 50 day simple moving average is $22.34 and its two-hundred day simple moving average is $21.78. The stock has a market cap of $62.66 million, a P/E ratio of 11.91 and a beta of 0.57.

Global X MSCI SuperDividend EAFE ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Wednesday, November 4th will be issued a $0.0920 dividend. The ex-dividend date of this dividend is Wednesday, November 4th. This represents a $1.10 annualized dividend and a yield of 4.8%. This is an increase from Global X MSCI SuperDividend EAFE ETF’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On Global X MSCI SuperDividend EAFE ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Fig Financial Advisory Services Inc. ADV bought a new position in shares of Global X MSCI SuperDividend EAFE ETF during the third quarter valued at $2,990,000. Commonwealth Equity Services LLC acquired a new position in shares of Global X MSCI SuperDividend EAFE ETF during the third quarter valued at about $837,000. Atlas Brown Inc. acquired a new stake in Global X MSCI SuperDividend EAFE ETF in the third quarter valued at approximately $216,000. Finally, Cetera Investment Advisers raised its holdings in Global X MSCI SuperDividend EAFE ETF by 52.0% during the first quarter. Cetera Investment Advisers now owns 30,021 shares of the company’s stock worth $636,000 after buying an additional 10,270 shares during the last quarter.

Global X MSCI SuperDividend EAFE ETF Company Profile

The Global X MSCI SuperDividend EAFE ETF (EFAS) is an exchange-traded fund that is based on the MSCI EAFE Top 50 Dividend index. The fund tracks an index of stocks from developed countries outside North America. After screening for dividend growth and sustainability, the 50 highest yielding stocks are selected and given equal weight. EFAS was launched on Nov 14, 2016 and is managed by Global X.