Global X Alternative Income ETF (ALTY) to Issue Monthly Dividend of $0.07 on March 12th

Global X Alternative Income ETF (NASDAQ:ALTY) announced a monthly dividend on Tuesday, March 4th, NASDAQ Dividends reports. Investors of record on Wednesday, March 5th will be given a dividend of 0.074 per share on Wednesday, March 12th. This represents a $0.89 annualized dividend and a yield of 7.50%. The ex-dividend date is Wednesday, March 5th. This is a 1.4% increase from Global X Alternative Income ETF’s previous monthly dividend of $0.07.

Global X Alternative Income ETF Price Performance

Shares of Global X Alternative Income ETF stock opened at $11.84 on Thursday. The stock has a market cap of $33.39 million, a P/E ratio of 19.72 and a beta of 0.99. The stock’s 50 day simple moving average is $11.85 and its 200-day simple moving average is $11.89. Global X Alternative Income ETF has a 1-year low of $10.95 and a 1-year high of $12.19.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global X Alternative Income ETF stock. Bank of America Corp DE lifted its stake in shares of Global X Alternative Income ETF (NASDAQ:ALTY) by 60.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,446 shares of the company’s stock after purchasing an additional 3,188 shares during the period. Bank of America Corp DE owned 0.30% of Global X Alternative Income ETF worth $98,000 as of its most recent SEC filing.

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.