Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) Shares Down 1.1% – Here’s Why

Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD)’s share price traded down 1.1% during trading on Monday . The stock traded as low as $13.12 and last traded at $13.19. 5,001 shares changed hands during trading, a decline of 51% from the average session volume of 10,130 shares. The stock had previously closed at $13.34.

Arrow Dow Jones Global Yield ETF Price Performance

The stock’s fifty day moving average is $13.32 and its 200-day moving average is $13.22. The stock has a market capitalization of $27.70 million, a P/E ratio of 11.13 and a beta of 0.67.

Arrow Dow Jones Global Yield ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 17th will be paid a $0.1538 dividend. The ex-dividend date is Monday, November 17th. This is a boost from Arrow Dow Jones Global Yield ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a dividend yield of 14.0%.

Institutional Investors Weigh In On Arrow Dow Jones Global Yield ETF

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. lifted its position in Arrow Dow Jones Global Yield ETF by 15.1% in the third quarter. Raymond James Financial Inc. now owns 24,704 shares of the company’s stock worth $330,000 after purchasing an additional 3,236 shares during the period. Osaic Holdings Inc. raised its stake in shares of Arrow Dow Jones Global Yield ETF by 7.0% in the 2nd quarter. Osaic Holdings Inc. now owns 47,040 shares of the company’s stock valued at $618,000 after buying an additional 3,080 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Arrow Dow Jones Global Yield ETF during the 2nd quarter worth about $305,000. Cetera Investment Advisers boosted its position in shares of Arrow Dow Jones Global Yield ETF by 26.4% during the 2nd quarter. Cetera Investment Advisers now owns 24,267 shares of the company’s stock valued at $319,000 after acquiring an additional 5,064 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new stake in Arrow Dow Jones Global Yield ETF in the second quarter valued at about $149,000.

Arrow Dow Jones Global Yield ETF Company Profile

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.