Arrow Dow Jones Global Yield ETF (NYSE:GYLD) Shares Down 0.3% – What’s Next?

Arrow Dow Jones Global Yield ETF (NYSE:GYLD)’s share price was down 0.3% during mid-day trading on Wednesday . The stock traded as low as $14.20 and last traded at $14.39. Approximately 8,375 shares traded hands during trading, a decline of 50% from the average session volume of 16,742 shares. The stock had previously closed at $14.43.

Arrow Dow Jones Global Yield ETF Price Performance

The company has a market cap of $37.70 million, a PE ratio of 11.13 and a beta of 0.55. The firm has a 50-day simple moving average of $14.37 and a two-hundred day simple moving average of $14.18.

Arrow Dow Jones Global Yield ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Thursday, July 16th were issued a $0.0844 dividend. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date was Thursday, July 16th.

Hedge Funds Weigh In On Arrow Dow Jones Global Yield ETF

Institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new stake in Arrow Dow Jones Global Yield ETF in the 2nd quarter worth approximately $132,000. NewEdge Advisors LLC purchased a new stake in shares of Arrow Dow Jones Global Yield ETF in the first quarter valued at $209,000. Sequent Planning LLC increased its stake in Arrow Dow Jones Global Yield ETF by 8.8% in the first 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. lifted its position in Arrow Dow Jones Global Yield ETF by 29.3% during the second 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. Finally, Jane Street Group LLC acquired a new stake in Arrow Dow Jones Global Yield ETF in the 2nd quarter worth about $305,000.

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.