LPL Financial LLC Lowers Stake in Global X SuperDividend REIT ETF (NASDAQ:SRET)

LPL Financial LLC cut its holdings in shares of Global X SuperDividend REIT ETF (NASDAQ:SRET) by 7.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 364,064 shares of the company’s stock after selling 30,151 shares during the period. LPL Financial LLC’s holdings in Global X SuperDividend REIT ETF were worth $7,285,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crews Bank & Trust acquired a new stake in Global X SuperDividend REIT ETF in the fourth quarter valued at approximately $64,000. HighTower Advisors LLC purchased a new position in shares of Global X SuperDividend REIT ETF during the 3rd quarter valued at approximately $222,000. MML Investors Services LLC acquired a new stake in Global X SuperDividend REIT ETF in the 3rd quarter valued at $279,000. Janney Montgomery Scott LLC raised its position in Global X SuperDividend REIT ETF by 79.2% during the fourth 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 position in Global X SuperDividend REIT ETF during the fourth quarter valued at $941,000.

Global X SuperDividend REIT ETF Stock Down 4.3 %

Shares of NASDAQ SRET opened at $19.88 on Monday. Global X SuperDividend REIT ETF has a 52-week low of $18.90 and a 52-week high of $22.88. The company’s 50-day simple moving average is $20.94 and its 200-day simple moving average is $21.03. The firm has a market cap of $176.14 million, a price-to-earnings ratio of 15.00 and a beta of 0.91.

Global X SuperDividend REIT ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.144 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.73 annualized dividend and a yield of 8.69%.

About Global X SuperDividend REIT ETF

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.