Founders Financial Alliance LLC Reduces Stock Position in Global X SuperDividend REIT ETF (NASDAQ:SRET)

Founders Financial Alliance LLC cut its stake in Global X SuperDividend REIT ETF (NASDAQ:SRET) by 18.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,515 shares of the company’s stock after selling 806 shares during the quarter. Founders Financial Alliance LLC’s holdings in Global X SuperDividend REIT ETF were worth $70,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Crews Bank & Trust purchased a new position in Global X SuperDividend REIT ETF during the 4th quarter valued at about $64,000. HighTower Advisors LLC bought a new position in shares of Global X SuperDividend REIT ETF in the third quarter valued at approximately $222,000. MML Investors Services LLC purchased a new position in Global X SuperDividend REIT ETF during the third quarter valued at approximately $279,000. Janney Montgomery Scott LLC increased its holdings in Global X SuperDividend REIT ETF by 79.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,625 shares of the company’s stock worth $333,000 after acquiring an additional 7,347 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in Global X SuperDividend REIT ETF in the 4th quarter worth approximately $941,000.

Global X SuperDividend REIT ETF Price Performance

Shares of NASDAQ:SRET opened at $20.90 on Wednesday. The firm has a fifty day moving average price of $20.56 and a two-hundred day moving average price of $21.17. The company has a market cap of $185.17 million, a price-to-earnings ratio of 15.40 and a beta of 1.22. Global X SuperDividend REIT ETF has a one year low of $18.90 and a one year high of $22.88.

Global X SuperDividend REIT ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be given a dividend of $0.144 per share. The ex-dividend date is Wednesday, March 5th.

Global X SuperDividend REIT ETF 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.