Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) Trading 0.4% Higher – Here’s Why

Shares of Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) traded up 0.4% on Friday . The company traded as high as $14.35 and last traded at $14.24. 4,728 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 18,843 shares. The stock had previously closed at $14.18.

Arrow Dow Jones Global Yield ETF Stock Performance

The stock’s fifty day moving average is $14.15 and its two-hundred day moving average is $13.82. The firm has a market cap of $32.04 million, a price-to-earnings ratio of 11.13 and a beta of 0.55.

Institutional Trading of Arrow Dow Jones Global Yield ETF

Large investors have recently modified their holdings of the company. NewEdge Advisors LLC acquired a new stake in shares of Arrow Dow Jones Global Yield ETF in the 1st quarter worth about $209,000. Sequent Planning LLC increased its stake in Arrow Dow Jones Global Yield ETF by 8.8% during the 1st quarter. Sequent Planning LLC now owns 16,268 shares of the company’s stock valued at $224,000 after buying an additional 1,313 shares during the period. Raymond James Financial Inc. increased its stake in Arrow Dow Jones Global Yield ETF by 29.3% during the 2nd quarter. Raymond James Financial Inc. now owns 21,468 shares of the company’s stock valued at $282,000 after buying an additional 4,865 shares during the period. Jane Street Group LLC acquired a new position in Arrow Dow Jones Global Yield ETF during the 2nd quarter valued at about $305,000. Finally, Regal Investment Advisors LLC acquired a new position in Arrow Dow Jones Global Yield ETF during the 4th quarter valued at about $319,000.

About Arrow Dow Jones Global Yield ETF

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.