NewEdge Wealth LLC Makes New $211,000 Investment in Global X SuperDividend ETF (NYSEARCA:SDIV)

NewEdge Wealth LLC acquired a new position in shares of Global X SuperDividend ETF (NYSEARCA:SDIV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,350 shares of the exchange traded fund’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in Global X SuperDividend ETF during the fourth quarter worth $7,124,000. ORG Partners LLC bought a new stake in shares of Global X SuperDividend ETF in the third quarter valued at about $180,000. Janney Montgomery Scott LLC boosted its position in shares of Global X SuperDividend ETF by 22.2% in the third quarter. Janney Montgomery Scott LLC now owns 51,028 shares of the exchange traded fund’s stock valued at $1,118,000 after acquiring an additional 9,258 shares during the period. UBS Group AG boosted its position in shares of Global X SuperDividend ETF by 8.8% in the third quarter. UBS Group AG now owns 90,863 shares of the exchange traded fund’s stock valued at $1,991,000 after acquiring an additional 7,348 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Global X SuperDividend ETF by 20.3% in the third quarter. LPL Financial LLC now owns 529,282 shares of the exchange traded fund’s stock valued at $11,597,000 after acquiring an additional 89,240 shares during the period.

Global X SuperDividend ETF Stock Performance

Shares of Global X SuperDividend ETF stock opened at $20.87 on Friday. The firm has a 50-day moving average of $21.25 and a 200-day moving average of $21.47. The stock has a market cap of $734.21 million, a PE ratio of 3.60 and a beta of 0.95. Global X SuperDividend ETF has a 52-week low of $20.06 and a 52-week high of $23.85.

Global X SuperDividend ETF Profile

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.