Global X SuperDividend REIT ETF (NASDAQ:SRET) Trading Down 1.1%

Global X SuperDividend REIT ETF (NASDAQ:SRET) dropped 1.1% during trading on Tuesday . The stock traded as low as $19.89 and last traded at $19.89. Approximately 28,301 shares were traded during trading, a decline of 14% from the average daily volume of 32,945 shares. The stock had previously closed at $20.11.

Global X SuperDividend REIT ETF Stock Up 1.0 %

The firm has a 50 day moving average of $20.18 and a 200 day moving average of $20.37. The firm has a market cap of $231.99 million, a price-to-earnings ratio of 22.23 and a beta of 1.22.

Global X SuperDividend REIT ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, March 6th were paid a dividend of $0.135 per share. The ex-dividend date was Tuesday, March 5th. This represents a $1.62 annualized dividend and a yield of 7.93%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its holdings in shares of Global X SuperDividend REIT ETF by 24.6% in the third quarter. Daiwa Securities Group Inc. now owns 810,000 shares of the company’s stock valued at $16,289,000 after purchasing an additional 160,000 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Global X SuperDividend REIT ETF by 1.4% in the third quarter. LPL Financial LLC now owns 516,497 shares of the company’s stock valued at $10,387,000 after purchasing an additional 7,179 shares in the last quarter. Ronald Blue Trust Inc. bought a new position in shares of Global X SuperDividend REIT ETF in the third quarter valued at approximately $41,000. Goldman Sachs Group Inc. bought a new stake in Global X SuperDividend REIT ETF during the first quarter worth $92,000. Finally, Money Concepts Capital Corp bought a new stake in Global X SuperDividend REIT ETF during the fourth quarter worth $84,000.

About Global X SuperDividend REIT ETF

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.