Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Stock Price Down 0.5% – Here’s Why

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) dropped 0.5% during trading on Friday . The company traded as low as $24.31 and last traded at $24.31. Approximately 6,788 shares changed hands during trading, a decline of 4% from the average daily volume of 7,053 shares. The stock had previously closed at $24.43.

Global X MSCI SuperDividend Emerging Markets ETF Trading Down 0.5 %

The firm has a 50-day moving average price of $24.56 and a 200-day moving average price of $25.12. The company has a market capitalization of $43.27 million, a price-to-earnings ratio of 5.33 and a beta of 0.62.

Institutional Trading of Global X MSCI SuperDividend Emerging Markets ETF

An institutional investor recently bought a new position in Global X MSCI SuperDividend Emerging Markets ETF stock. Flow Traders U.S. LLC purchased a new stake in shares of Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,701 shares of the company’s stock, valued at approximately $311,000. Flow Traders U.S. LLC owned approximately 0.66% of Global X MSCI SuperDividend Emerging Markets ETF as of its most recent SEC filing.

About Global X MSCI SuperDividend Emerging Markets ETF

The Global X MSCI SuperDividend Emerging Markets ETF (SDEM) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund follows an equal-weighted index of emerging market countries. The index selects stocks by highest dividend yield, excluding those ranking low on price return.