Global X SuperDividend REIT ETF (NASDAQ:SRET) Shares Up 0.7% – Should You Buy?

Global X SuperDividend REIT ETF (NASDAQ:SRET)’s stock price was up 0.7% during mid-day trading on Friday . The stock traded as high as $22.74 and last traded at $22.72. Approximately 44,025 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 54,967 shares. The stock had previously closed at $22.57.

Global X SuperDividend REIT ETF Trading Up 0.7%

The firm has a market capitalization of $237.20 million, a P/E ratio of 16.47 and a beta of 0.88. The firm has a 50 day moving average price of $22.07 and a 200-day moving average price of $22.02.

Global X SuperDividend REIT ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, April 13th. Investors of record on Monday, April 6th were paid a dividend of $0.152 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend was Monday, April 6th.

Institutional Investors Weigh In On Global X SuperDividend REIT ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Founders Financial Alliance LLC lifted its stake in shares of Global X SuperDividend REIT ETF by 23.9% during the 3rd quarter. Founders Financial Alliance LLC now owns 2,586 shares of the company’s stock worth $56,000 after acquiring an additional 499 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of Global X SuperDividend REIT ETF by 85.1% during the 3rd quarter. AE Wealth Management LLC now owns 6,532 shares of the company’s stock worth $141,000 after acquiring an additional 3,003 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Global X SuperDividend REIT ETF during the 2nd quarter worth approximately $157,000. Sykon Capital LLC bought a new stake in shares of Global X SuperDividend REIT ETF during the 4th quarter worth approximately $224,000. Finally, Family Management Corp bought a new stake in shares of Global X SuperDividend REIT ETF during the 3rd quarter worth approximately $289,000.

Global X SuperDividend REIT ETF Company Profile

The Global X SuperDividend REIT ETF (SRET) is an exchange-traded fund that is based on the Solactive Global Superdividend REIT index. The fund tracks an equal-weighted index of global REITs, choosing 30 high-yield, low-volatility companies. SRET was launched on Mar 17, 2015 and is managed by Global X.