Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) Shares Down 0.2% – What’s Next?

Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) shares dropped 0.2% during mid-day trading on Wednesday . The stock traded as low as $14.37 and last traded at $14.37. 19,501 shares changed hands during trading, an increase of 9% from the average daily volume of 17,867 shares. The stock had previously closed at $14.40.

Arrow Dow Jones Global Yield ETF Price Performance

The stock has a market cap of $36.64 million, a price-to-earnings ratio of 11.13 and a beta of 0.55. The stock’s 50-day moving average is $14.23 and its 200-day moving average is $14.03.

Institutional Investors Weigh In On Arrow Dow Jones Global Yield ETF

Several hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC purchased a new stake in shares of Arrow Dow Jones Global Yield ETF in the first quarter valued at $209,000. Sequent Planning LLC boosted its stake in Arrow Dow Jones Global Yield ETF by 8.8% in the 1st quarter. Sequent Planning LLC now owns 16,268 shares of the company’s stock worth $224,000 after buying an additional 1,313 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Arrow Dow Jones Global Yield ETF by 18.4% in the 4th quarter. Osaic Holdings Inc. now owns 56,158 shares of the company’s stock worth $758,000 after buying an additional 8,713 shares during the last quarter. Regal Investment Advisors LLC purchased a new stake in Arrow Dow Jones Global Yield ETF in the 4th quarter valued at about $319,000. Finally, LPL Financial LLC grew its holdings in Arrow Dow Jones Global Yield ETF by 17.8% in the 4th quarter. LPL Financial LLC now owns 207,047 shares of the company’s stock valued at $2,793,000 after buying an additional 31,268 shares during the period.

About Arrow Dow Jones Global Yield ETF

The Arrow Dow Jones Global Yield ETF (GYLD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index weighted equally between equities, sovereign debt, corporate debt, real estate and energy. The ETF seeks to invest in 150 securities and provide monthly distributions. GYLD was launched on May 8, 2012 and is managed by ArrowShares.