Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) Shares Down 1.5% – Here’s What Happened

Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) shares dropped 1.5% on Friday . The company traded as low as $13.65 and last traded at $13.65. Approximately 6,384 shares were traded during trading, a decline of 63% from the average daily volume of 17,035 shares. The stock had previously closed at $13.86.

Arrow Dow Jones Global Yield ETF Trading Down 1.5%

The company has a market cap of $26.62 million, a price-to-earnings ratio of 11.13 and a beta of 0.67. The stock’s fifty day simple moving average is $13.83 and its 200 day simple moving average is $13.50.

Arrow Dow Jones Global Yield ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were given a $0.0836 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. This is a boost from Arrow Dow Jones Global Yield ETF’s previous monthly dividend of $0.04. The ex-dividend date was Tuesday, February 17th.

Hedge Funds Weigh In On Arrow Dow Jones Global Yield ETF

Institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. grew its holdings 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 valued at $758,000 after buying an additional 8,713 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Arrow Dow Jones Global Yield ETF by 17.8% during the 4th quarter. LPL Financial LLC now owns 207,047 shares of the company’s stock worth $2,793,000 after acquiring an additional 31,268 shares during the period. Regal Investment Advisors LLC purchased a new position in shares of Arrow Dow Jones Global Yield ETF during the 4th quarter worth $319,000. Raymond James Financial Inc. boosted its position in shares of Arrow Dow Jones Global Yield ETF by 15.1% during the 3rd quarter. Raymond James Financial Inc. now owns 24,704 shares of the company’s stock valued at $330,000 after acquiring an additional 3,236 shares during the last quarter. Finally, 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 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.