iShares Global Equity Factor ETF (NYSEARCA:GLOF) Shares Down 0.4% – What’s Next?

iShares Global Equity Factor ETF (NYSEARCA:GLOF)’s share price traded down 0.4% during mid-day trading on Thursday . The company traded as low as $54.69 and last traded at $54.85. 17,694 shares changed hands during trading, an increase of 8% from the average session volume of 16,442 shares. The stock had previously closed at $55.06.

iShares Global Equity Factor ETF Stock Performance

The firm’s 50-day moving average price is $53.83 and its 200 day moving average price is $52.27. The company has a market cap of $160.43 million, a price-to-earnings ratio of 17.48 and a beta of 0.91.

Institutional Trading of iShares Global Equity Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Daymark Wealth Partners LLC acquired a new position in iShares Global Equity Factor ETF during the second quarter worth about $4,298,000. 5T Wealth LLC bought a new stake in shares of iShares Global Equity Factor ETF during the 2nd quarter valued at approximately $1,815,000. Bank of Montreal Can bought a new stake in shares of iShares Global Equity Factor ETF during the 2nd quarter valued at approximately $42,000. Nwam LLC acquired a new position in iShares Global Equity Factor ETF during the 2nd quarter worth approximately $463,000. Finally, JPMorgan Chase & Co. lifted its stake in iShares Global Equity Factor ETF by 74,203.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 393,806 shares of the company’s stock valued at $18,980,000 after purchasing an additional 393,276 shares during the last quarter.

About iShares Global Equity Factor ETF

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.