Global X Alternative Income ETF (NASDAQ:ALTY) Plans Monthly Dividend of $0.08

Global X Alternative Income ETF (NASDAQ:ALTY) announced a monthly dividend on Tuesday, February 3rd. Shareholders of record on Wednesday, February 4th will be paid a dividend of 0.077 per share on Wednesday, February 11th. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Wednesday, February 4th. This is a 2.7% increase from Global X Alternative Income ETF’s previous monthly dividend of $0.08.

Global X Alternative Income ETF Stock Down 0.7%

ALTY stock traded down $0.08 during mid-day trading on Wednesday, hitting $12.21. The company had a trading volume of 4,518 shares, compared to its average volume of 33,360. The company has a 50-day moving average price of $12.08 and a 200 day moving average price of $11.91. Global X Alternative Income ETF has a 12-month low of $10.57 and a 12-month high of $12.40. The company has a market capitalization of $43.83 million, a price-to-earnings ratio of 17.85 and a beta of 0.69.

Institutional Trading of Global X Alternative Income ETF

A number of large investors have recently added to or reduced their stakes in ALTY. Kingswood Wealth Advisors LLC raised its holdings in shares of Global X Alternative Income ETF by 273.1% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 61,341 shares of the company’s stock worth $728,000 after acquiring an additional 44,899 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in Global X Alternative Income ETF in the third quarter worth $367,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Global X Alternative Income ETF during the fourth quarter valued at $234,000. Truist Financial Corp raised its stake in Global X Alternative Income ETF by 57.0% during the third quarter. Truist Financial Corp now owns 27,480 shares of the company’s stock valued at $326,000 after purchasing an additional 9,973 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Global X Alternative Income ETF by 54.0% during the second quarter. Bank of America Corp DE now owns 24,131 shares of the company’s stock valued at $281,000 after purchasing an additional 8,457 shares during the last quarter.

About Global X Alternative Income ETF

The Global X Alternative Income ETF (ALTY) is an exchange-traded fund that is based on the Indxx SuperDividend Alternatives index. The fund tracks an index consisting of a variety of assets such as equity, debt securities and covered calls. Selected based on high dividend yield and low volatility. ALTY was launched on Jul 14, 2015 and is managed by Global X.