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

by · The Cerbat Gem

Global X Alternative Income ETF (NASDAQ:ALTY – Get Free Report) declared a monthly dividend on Thursday, July 2nd, NASDAQ Dividends reports. Stockholders of record on Monday, July 6th will be given a dividend of 0.079 per share on Monday, July 13th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Monday, July 6th.

Global X Alternative Income ETF Price Performance

Shares of NASDAQ ALTY remained flat at $12.39 during mid-day trading on Friday. The stock had a trading volume of 27,744 shares, compared to its average volume of 18,736. Global X Alternative Income ETF has a one year low of $11.56 and a one year high of $12.58. The firm has a market capitalization of $45.47 million, a P/E ratio of 17.85 and a beta of 0.59. The business’s 50-day simple moving average is $12.34 and its 200-day simple moving average is $12.25.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Harbour Investments Inc. bought a new position in shares of Global X Alternative Income ETF in the fourth quarter worth $45,000. Advisory Services Network LLC bought a new stake in Global X Alternative Income ETF during the third quarter valued at $61,000. Kestra Advisory Services LLC bought a new stake in Global X Alternative Income ETF during the fourth quarter valued at $73,000. Bank of America Corp DE grew its position in Global X Alternative Income ETF by 60.6% during the fourth quarter. Bank of America Corp DE now owns 8,446 shares of the company’s stock worth $98,000 after buying an additional 3,188 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in Global X Alternative Income ETF by 48.0% during the first quarter. Private Advisor Group LLC now owns 15,600 shares of the company’s stock worth $187,000 after buying an additional 5,061 shares in the last quarter.

About Global X Alternative Income ETF

(Get Free Report)

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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