R3 Global Dividend Growth ETF (NYSEARCA:GDVD) Shares Down 0.8%

Shares of R3 Global Dividend Growth ETF (NYSEARCA:GDVD) fell 0.8% during mid-day trading on Wednesday . The company traded as low as $24.90 and last traded at $24.94. 1,766 shares traded hands during trading, a decline of 75% from the average session volume of 6,931 shares. The stock had previously closed at $25.14.

R3 Global Dividend Growth ETF Price Performance

The company has a 50-day moving average price of $24.16 and a two-hundred day moving average price of $23.47. The company has a market cap of $24.75 million, a PE ratio of 16.52 and a beta of 0.75.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in R3 Global Dividend Growth ETF stock. Arkadios Wealth Advisors increased its holdings in R3 Global Dividend Growth ETF (NYSEARCA:GDVD) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 747,977 shares of the company’s stock after acquiring an additional 14,325 shares during the quarter. R3 Global Dividend Growth ETF makes up 1.4% of Arkadios Wealth Advisors’ portfolio, making the stock its 12th biggest position. Arkadios Wealth Advisors owned 74.80% of R3 Global Dividend Growth ETF worth $18,087,000 as of its most recent SEC filing.

About R3 Global Dividend Growth ETF

The R3 Global Dividend Growth ETF (GDVD) is an exchange-traded fund that is based on the MSCI All Country World NR index. The fund seeks to provide income through an actively managed portfolio of global dividend-paying stocks whose growth potential is expected to be above-average. GDVD was launched on Mar 31, 2022 and is managed by R3ETFs.