Global X Alternative Income ETF (NASDAQ:ALTY – Get Free Report) declared 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 dividend on an annualized basis 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 Trading Down 0.4 %
NASDAQ ALTY traded down $0.05 during trading on Wednesday, reaching $11.84. The company’s stock had a trading volume of 4,603 shares, compared to its average volume of 13,062. The stock has a market capitalization of $33.39 million, a PE ratio of 19.72 and a beta of 0.99. Global X Alternative Income ETF has a 1-year low of $10.95 and a 1-year high of $12.19. The business has a 50-day moving average price of $11.85 and a 200-day moving average price of $11.89.
Institutional Investors Weigh In On Global X Alternative Income ETF
An institutional investor recently raised its position in Global X Alternative Income ETF stock. Bank of America Corp DE grew its stake in Global X Alternative Income ETF (NASDAQ:ALTY – Free Report) by 60.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,446 shares of the company’s stock after buying an additional 3,188 shares during the period. Bank of America Corp DE owned approximately 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.
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