Global X SuperDividend ETF Reaches $100M in AUM

New York-based ETF sponsor Global X SuperDividend ETF SDIV announced Thursday that it has reached the $100 million in assets under management (AUM) watermark. SDIV reached the $100 million in AUM milestone in just 14 months of trading. The fund had nearly $101 million in AUM as of the close of markets on August 22, according to Global X data. "The Global X SuperDividend ETF, with over $100 million in assets and a 30-day average daily volume of over 100,000 shares, has been one of the fastest growing products by inflows over the last year," said CEO Bruno del Ama in a statement. SDIV is in the top 10 percent of new ETF product launches since 2011 both by AUM and volume according to Bloomberg data, Global X said. The ETF is home to 100 stocks with allocations ranging from 0.43 percent to 1.38 percent. Real estate investment trusts (20.5 percent), telecommunications (17.5 percent), financial services (13.86 percent) and consumer discretionary (10.98 percent) are the fund's largest sector allocations. The U.S., Australia and the U.K. combine for nearly 70 percent of SDIV's country weight. As of August 22, SDIV had a 12-month yield of 7.87 percent and a 30-day SEC yield of 7.65 percent as of July 31, according to Global X data. SDIV has gained 6.7 year-to-date. For more on ETFs, click here.