Global X Alternative Income ETF (NASDAQ:ALTY) to Issue Dividend Increase – $0.07 Per Share

Global X Alternative Income ETF (NASDAQ:ALTY) 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 annualized dividend 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 %

Shares of Global X Alternative Income ETF stock opened at $11.84 on Thursday. Global X Alternative Income ETF has a 12-month low of $10.95 and a 12-month high of $12.19. The stock has a market cap of $33.39 million, a PE ratio of 19.72 and a beta of 0.99. The company has a 50-day moving average of $11.85 and a two-hundred day moving average of $11.89.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global X Alternative Income ETF stock. Bank of America Corp DE increased its position in shares of Global X Alternative Income ETF (NASDAQ:ALTY) by 60.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,446 shares of the company’s stock after acquiring an additional 3,188 shares during the quarter. Bank of America Corp DE owned approximately 0.30% of Global X Alternative Income ETF worth $98,000 as of its most recent filing with the SEC.

Global X Alternative Income ETF Company 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.