Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) Trading Up 0.9% – Time to Buy?

Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) shares traded up 0.9% on Friday . The company traded as high as $24.49 and last traded at $24.39. 31,772 shares changed hands during trading, an increase of 187% from the average session volume of 11,061 shares. The stock had previously closed at $24.18.

Global X MSCI SuperDividend Emerging Markets ETF Price Performance

The firm has a market capitalization of $43.41 million, a P/E ratio of 5.33 and a beta of 0.62. The stock’s 50 day moving average is $24.31 and its two-hundred day moving average is $24.93.

Institutional Investors Weigh In On 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 bought a new stake in Global X MSCI SuperDividend Emerging Markets ETF (NYSEARCA:SDEM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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 filing with the Securities and Exchange Commission (SEC).

Global X MSCI SuperDividend Emerging Markets ETF Company Profile

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.