GLODIV - CoreShares GlobalDivTrax ETF

Sep 29, 2023 at 18:02 Twitter · Facebook

GLODIV share price on Johannesburg Stock Exchange

The CoreShares S&P Global Dividend Aristocrats Exchange Traded Fund (also known simply as CoreShares GlobalDivTrax) is an equity income ETF in the CoreShares Index Tracker Collective Investment Scheme managed by CoreShares Index Tracker Managers (RF) Proprietary Limited. The investment policy of the ETF portfolio is to track the S&P Global Dividend Aristocrats Blend Index (Custom) as closely as possible. Designed to simulate a portfolio of S&P regional Dividend Aristocrats underlying indices, the index is compiled and calculated on behalf of and on the instructions of CoreShares Index Tracker Managers by S&P Dow Jones Indices LLC.

The CoreShares GlobalDivTrax ETF provides investors with exposure to international dividend paying companies. The ETF, with global inflation hedge, invests in companies across Europe, Canada, Pan Asia, and the United States that have a solid track record of paying dividends.

CoreShares GlobalDivTrax ETF is listed on the Johannesburg Stock Exchange (JSE) since February 22nd, 2018. CoreShares GlobalDivTrax ETF is traded on the JSE under the ticker symbol “GLODIV”. CoreShares GlobalDivTrax ETF is currently the 178th most valuable stock on the JSE with a market capitalization of ZAR 2.35 billion, which makes about 0.013% of the Johannesburg Stock Exchange equity market.

GLODIV Stock Market Performance

The current share price of CoreShares GlobalDivTrax ETF (GLODIV) is ZAR 18.46. GLODIV closed its last trading day (Friday, September 29, 2023) at 18.46 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.5% drop from its previous closing price of 18.55 ZAR. CoreShares GlobalDivTrax ETF began the year with a share price of 16.65 ZAR and has since gained 10.9% on that price valuation, ranking it 99th on the JSE in terms of year-to-date performance. Investors should, however, take caution of GLODIV’s recent bad performance, having lost 5% of its value in the past four weeks.

CoreShares GlobalDivTrax ETF is the 198th most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 3 - Sep 29, 2023). GLODIV has traded a total volume of 4.43 million shares—in 1,517 deals—valued at ZAR 84.5 million over the period, with an average of 70,255 traded shares per session. A volume high of 523,284 was achieved on August 17th, and a low of 6,740 on September 15th, for the same period. The table below details the last 10 trading days of activity of CoreShares GlobalDivTrax ETF on the Johannesburg Stock Exchange.

Profile of CoreShares Asset Management (Pty) Limited

CoreShares Asset Management (Pty) Limited operates in the Financials sector, specifically, the Investment Services industry.

GLODIV Industrial Market Competitors

CoreShares Asset Management (Pty) Limited, issuers of the GLODIV, CoreShares S&P 500 (+25.4%), CoreShares Total World Stock ETF (+21.06%), CoreShares S&P Global Property ETF (+6.77%), CoreShares Income Actively Managed ETF (+1.49%), CoreShares SciBeta Multi-Factor ETF (+1.04%), CoreShares Yield Selected Bond ETF (+0.8%), CoreShares Top50 ETF (-1.31%), CoreShares Wealth Next 40 Equal Weighted ETF (-2.11%), CoreShares All Asia Actively Managed ETF (-5.25%) and CoreShares Divtrax ETF (-5.53%) stocks on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Investment Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange