Global SuperDividend US ETF (NYSEARCA:DIV) Sees Strong Trading Volume – Time to Buy?

Global SuperDividend US ETF (NYSEARCA:DIV) saw strong trading volume on Thursday . 88,896 shares traded hands during mid-day trading, a decline of 38% from the previous session’s volume of 144,283 shares.The stock last traded at $18.35 and had previously closed at $18.35.

Global SuperDividend US ETF Stock Up 0.3 %

The company’s 50 day moving average price is $18.46 and its 200 day moving average price is $18.33. The firm has a market capitalization of $657.43 million, a price-to-earnings ratio of 9.29 and a beta of 0.74.

Institutional Investors Weigh In On Global SuperDividend US ETF

A number of institutional investors and hedge funds have recently modified their holdings of DIV. Curran Financial Partners LLC lifted its holdings in Global SuperDividend US ETF by 9.5% in the fourth quarter. Curran Financial Partners LLC now owns 316,714 shares of the company’s stock valued at $5,711,000 after acquiring an additional 27,381 shares during the period. Global X Japan Co. Ltd. increased its holdings in shares of Global SuperDividend US ETF by 8.9% during the 3rd quarter. Global X Japan Co. Ltd. now owns 255,885 shares of the company’s stock valued at $4,782,000 after purchasing an additional 20,859 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Global SuperDividend US ETF by 8.7% in the 3rd quarter. Raymond James & Associates now owns 140,777 shares of the company’s stock valued at $2,631,000 after purchasing an additional 11,236 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Global SuperDividend US ETF by 15.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 136,000 shares of the company’s stock worth $2,535,000 after buying an additional 18,000 shares in the last quarter. Finally, SMART Wealth LLC grew its position in Global SuperDividend US ETF by 20.1% during the third quarter. SMART Wealth LLC now owns 123,828 shares of the company’s stock valued at $2,314,000 after buying an additional 20,709 shares during the period.

About Global SuperDividend US ETF

The Global X SuperDividend U.S. ETF (DIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an equally weighted index of 50 high-dividend, low-volatility securities. DIV was launched on Mar 11, 2013 and is managed by Global X.