Global X SuperDividend REIT ETF (NASDAQ:SRET) Shares Up 0.2% – Should You Buy?

Global X SuperDividend REIT ETF (NASDAQ:SRET) shares shot up 0.2% on Wednesday . The stock traded as high as $22.84 and last traded at $22.82. 79,793 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 55,148 shares. The stock had previously closed at $22.77.

Global X SuperDividend REIT ETF Price Performance

The stock has a market capitalization of $247.83 million, a price-to-earnings ratio of 16.47 and a beta of 0.93. The company’s 50-day simple moving average is $22.42 and its 200-day simple moving average is $21.94.

Global X SuperDividend REIT ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, February 4th were paid a $0.15 dividend. This is a boost from Global X SuperDividend REIT ETF’s previous monthly dividend of $0.15. The ex-dividend date was Wednesday, February 4th. This represents a c) annualized dividend and a yield of 7.9%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SRET. Founders Financial Alliance LLC lifted its holdings in shares of Global X SuperDividend REIT ETF by 23.9% during the third quarter. Founders Financial Alliance LLC now owns 2,586 shares of the company’s stock worth $56,000 after buying an additional 499 shares in the last quarter. AE Wealth Management LLC increased its position in Global X SuperDividend REIT ETF by 30.6% during the second quarter. AE Wealth Management LLC now owns 3,529 shares of the company’s stock worth $75,000 after acquiring an additional 826 shares during the period. Raymond James Financial Inc. acquired a new stake in Global X SuperDividend REIT ETF in the 2nd quarter worth about $157,000. Sykon Capital LLC acquired a new stake in Global X SuperDividend REIT ETF in the 4th quarter worth about $224,000. Finally, Family Management Corp bought a new stake in Global X SuperDividend REIT ETF in the 3rd quarter valued at about $289,000.

Global X SuperDividend REIT ETF Company Profile

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.