Mercer Global Advisors Inc. ADV Cuts Holdings in Global X Alternative Income ETF (NASDAQ:ALTY)

Mercer Global Advisors Inc. ADV lowered its stake in shares of Global X Alternative Income ETF (NASDAQ:ALTY) by 5.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,675 shares of the company’s stock after selling 1,396 shares during the quarter. Mercer Global Advisors Inc. ADV owned 0.91% of Global X Alternative Income ETF worth $303,000 at the end of the most recent quarter.

Global X Alternative Income ETF Stock Performance

Shares of NASDAQ:ALTY opened at $12.06 on Monday. The firm has a fifty day moving average of $11.73 and a 200 day moving average of $11.49. Global X Alternative Income ETF has a 52-week low of $10.31 and a 52-week high of $12.12. The firm has a market capitalization of $35.46 million, a PE ratio of 15.21 and a beta of 0.99.

Global X Alternative Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, September 5th were given a dividend of $0.071 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.85 annualized dividend and a dividend yield of 7.06%.

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.