Global X SuperDividend ETF (NYSEARCA:SDIV) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Global X SuperDividend ETF (NYSEARCA:SDIV) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.24 and traded as low as $24.83. Global X SuperDividend ETF shares last traded at $24.91, with a volume of 292,990 shares.

Global X SuperDividend ETF Stock Down 0.4%

The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 8.00 and a beta of 0.72. The stock’s fifty day moving average price is $24.79 and its 200-day moving average price is $25.24.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Advocate Investing Services LLC bought a new stake in Global X SuperDividend ETF during the 4th quarter worth about $26,000. SHP Wealth Management bought a new position in shares of Global X SuperDividend ETF in the 4th quarter valued at about $40,000. SouthState Bank Corp acquired a new stake in shares of Global X SuperDividend ETF in the first quarter valued at about $59,000. CWM LLC increased its position in shares of Global X SuperDividend ETF by 18.9% in the fourth quarter. CWM LLC now owns 2,641 shares of the exchange traded fund’s stock valued at $63,000 after acquiring an additional 420 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Global X SuperDividend ETF by 399.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,684 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 2,147 shares in the last quarter.

About Global X SuperDividend ETF

The Global X SuperDividend ETF (SDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equal-weighted index of 100 global securities with high yields. SDIV was launched on Jun 8, 2011 and is managed by Global X.