Arrow Dow Jones Global Yield ETF (NYSE:GYLD) Stock Price Down 1.3% – Should You Sell?

Shares of Arrow Dow Jones Global Yield ETF (NYSE:GYLD) fell 1.3% on Wednesday. The stock traded as low as $13.11 and last traded at $13.2350. 8,047 shares changed hands during trading, a decline of 50% from the average daily volume of 16,240 shares. The stock had previously closed at $13.41.

Arrow Dow Jones Global Yield ETF Stock Down 1.3%

The business’s fifty day moving average is $14.19 and its 200-day moving average is $14.16. The stock has a market capitalization of $38.65 million, a PE ratio of 11.13 and a beta of 0.57.

Arrow Dow Jones Global Yield ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, September 21st. Shareholders of record on Wednesday, September 16th were issued a $0.0906 dividend. This is a drop from Arrow Dow Jones Global Yield ETF’s previous monthly dividend of $0.0913. The ex-dividend date was Wednesday, September 16th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Trading of Arrow Dow Jones Global Yield ETF

Several institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Arrow Dow Jones Global Yield ETF during the 2nd quarter worth $132,000. NewEdge Advisors LLC acquired a new position in Arrow Dow Jones Global Yield ETF in the first quarter valued at $209,000. Finally, Sequent Planning LLC boosted its holdings in Arrow Dow Jones Global Yield ETF by 8.8% in the first quarter. Sequent Planning LLC now owns 16,268 shares of the company’s stock valued at $224,000 after acquiring an additional 1,313 shares during the last quarter.

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. GYLD was launched on May 8, 2012 and is managed by ArrowShares.