Global X SuperDividend REIT ETF (NASDAQ:SRET) Stock Price Down 1.4% – Here’s What Happened

by · The Markets Daily

Shares of Global X SuperDividend REIT ETF (NASDAQ:SRET – Get Free Report) traded down 1.4% during trading on Monday . The company traded as low as $22.13 and last traded at $22.18. 40,438 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 51,895 shares. The stock had previously closed at $22.50.

Global X SuperDividend REIT ETF Stock Performance

The business’s fifty day simple moving average is $22.13 and its 200 day simple moving average is $22.17. The stock has a market cap of $231.56 million, a price-to-earnings ratio of 16.47 and a beta of 0.87.

Global X SuperDividend REIT ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 12th. Investors of record on Tuesday, May 5th were paid a $0.153 dividend. This represents a c) annualized dividend and a dividend yield of 8.3%. This is a positive change from Global X SuperDividend REIT ETF’s previous monthly dividend of $0.15. The ex-dividend date was Tuesday, May 5th.

Institutional Inflows and Outflows

Institutional investors 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% in the third quarter. Founders Financial Alliance LLC now owns 2,586 shares of the company’s stock worth $56,000 after acquiring an additional 499 shares in the last quarter. AE Wealth Management LLC raised its holdings in Global X SuperDividend REIT ETF by 85.1% in the third quarter. AE Wealth Management LLC now owns 6,532 shares of the company’s stock valued at $141,000 after acquiring an additional 3,003 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Global X SuperDividend REIT ETF in the second quarter valued at $157,000. Sei Investments Co. acquired a new stake in Global X SuperDividend REIT ETF in the first quarter valued at $218,000. Finally, Sykon Capital LLC acquired a new stake in Global X SuperDividend REIT ETF in the fourth quarter valued at $224,000.

Global X SuperDividend REIT ETF Company Profile

(Get Free Report)

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.

See Also