Great Valley Advisor Group Inc. Decreases Stock Position in Global X Alternative Income ETF (NASDAQ:ALTY)

Great Valley Advisor Group Inc. trimmed its stake in shares of Global X Alternative Income ETF (NASDAQ:ALTY) by 42.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,200 shares of the company’s stock after selling 8,394 shares during the quarter. Great Valley Advisor Group Inc. owned 0.37% of Global X Alternative Income ETF worth $127,000 at the end of the most recent quarter.

Separately, Triumph Capital Management grew its position in shares of Global X Alternative Income ETF by 1.6% during the third quarter. Triumph Capital Management now owns 66,273 shares of the company’s stock worth $713,000 after buying an additional 1,042 shares in the last quarter.

Global X Alternative Income ETF Stock Up 0.2 %

Shares of NASDAQ:ALTY opened at $11.35 on Wednesday. Global X Alternative Income ETF has a fifty-two week low of $10.31 and a fifty-two week high of $11.65. The firm’s 50 day moving average price is $11.35 and its 200 day moving average price is $11.19. The stock has a market cap of $34.83 million, a price-to-earnings ratio of 15.21 and a beta of 0.53.

Global X Alternative Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be issued a $0.0672 dividend. The ex-dividend date is Friday, May 3rd. This represents a $0.81 dividend on an annualized basis and a dividend yield of 7.11%.

Global X Alternative Income ETF Profile

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.