iShares Global Equity Factor ETF (NYSEARCA:GLOF) Trading Up 0.4% – Time to Buy?

iShares Global Equity Factor ETF (NYSEARCA:GLOF) shot up 0.4% during trading on Monday . The stock traded as high as $59.54 and last traded at $59.41. Approximately 12,774 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 17,207 shares. The stock had previously closed at $59.16.

iShares Global Equity Factor ETF Trading Down 0.3%

The stock has a market capitalization of $199.65 million, a P/E ratio of 17.48 and a beta of 0.91. The company has a fifty day simple moving average of $58.12 and a two-hundred day simple moving average of $55.19.

Institutional Investors Weigh In On iShares Global Equity Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLOF. Modern Wealth Management LLC boosted its stake in iShares Global Equity Factor ETF by 1.5% in the 2nd quarter. Modern Wealth Management LLC now owns 16,735 shares of the company’s stock worth $807,000 after purchasing an additional 242 shares during the period. Osaic Holdings Inc. increased its holdings in iShares Global Equity Factor ETF by 12.5% during the fourth quarter. Osaic Holdings Inc. now owns 4,015 shares of the company’s stock worth $212,000 after buying an additional 445 shares during the last quarter. Camarda Financial Advisors LLC increased its stake in shares of iShares Global Equity Factor ETF by 1.8% during the 4th quarter. Camarda Financial Advisors LLC now owns 39,824 shares of the company’s stock worth $2,102,000 after purchasing an additional 703 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in iShares Global Equity Factor ETF by 55.1% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,340 shares of the company’s stock worth $124,000 after buying an additional 831 shares during the last quarter. Finally, Elevated Capital Advisors LLC acquired a new position in shares of iShares Global Equity Factor ETF during the 4th quarter worth approximately $60,000.

iShares Global Equity Factor ETF Company Profile

The iShares Global Equity Factor ETF (GLOF) is an exchange-traded fund that is based on the STOXX Global Equity Factor index. The fund tracks an index of large- and mid-cap equities from around the world. Stocks are selected and weighted to optimize exposure to five factors: quality, value, momentum, smaller size and low volatility. GLOF was launched on Apr 28, 2015 and is managed by BlackRock.