Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) Trading 0.6% Higher – Here’s Why

Shares of Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) traded up 0.6% on Wednesday . The company traded as high as $14.47 and last traded at $14.39. 8,290 shares changed hands during trading, a decline of 52% from the average daily volume of 17,308 shares. The stock had previously closed at $14.31.

Arrow Dow Jones Global Yield ETF Trading Up 0.6%

The company has a market cap of $37.70 million, a price-to-earnings ratio of 11.13 and a beta of 0.55. The stock has a 50 day moving average price of $14.28 and a two-hundred day moving average price of $14.12.

Institutional Investors Weigh In On Arrow Dow Jones Global Yield ETF

Institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC bought a new position in shares of Arrow Dow Jones Global Yield ETF in the first quarter valued at $209,000. Sequent Planning LLC lifted its stake in Arrow Dow Jones Global Yield ETF by 8.8% in the 1st quarter. Sequent Planning LLC now owns 16,268 shares of the company’s stock valued at $224,000 after purchasing an additional 1,313 shares during the last quarter. Raymond James Financial Inc. boosted its position 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 worth $282,000 after buying an additional 4,865 shares during the period. Jane Street Group LLC bought a new position in shares of Arrow Dow Jones Global Yield ETF during the second quarter worth about $305,000. Finally, Regal Investment Advisors LLC bought a new position in Arrow Dow Jones Global Yield ETF during the fourth quarter worth $319,000.

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.