Global X SuperDividend ETF (NYSEARCA:SDIV) Shares Pass Below 200 Day Moving Average – Should You Sell?

Global X SuperDividend ETF (NYSEARCA:SDIVGet Free Report)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $22.37 and traded as low as $22.15. Global X SuperDividend ETF shares last traded at $22.23, with a volume of 259,676 shares.

Global X SuperDividend ETF Stock Performance

The stock has a market cap of $781.88 million, a PE ratio of 3.72 and a beta of 0.93. The business has a 50-day moving average of $22.65 and a 200 day moving average of $22.37.

Hedge Funds Weigh In On Global X SuperDividend ETF

A number of hedge funds have recently made changes to their positions in SDIV. Strategic Financial Concepts LLC bought a new position in Global X SuperDividend ETF during the 2nd quarter valued at $262,000. Renaissance Technologies LLC bought a new stake in shares of Global X SuperDividend ETF during the 2nd quarter worth about $1,387,000. Janney Montgomery Scott LLC lifted its position in Global X SuperDividend ETF by 88.7% in the first quarter. Janney Montgomery Scott LLC now owns 103,831 shares of the exchange traded fund’s stock worth $2,248,000 after purchasing an additional 48,804 shares during the period. Goldstone Financial Group LLC bought a new position in Global X SuperDividend ETF during the third quarter valued at about $1,009,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Global X SuperDividend ETF by 128.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 52,300 shares of the exchange traded fund’s stock valued at $1,152,000 after purchasing an additional 29,416 shares in the last quarter.

About Global X SuperDividend ETF

(Get Free Report)

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.

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