iShares Global Equity Factor ETF (NYSEARCA:GLOF) Stock Price Up 0.7% – Here’s Why

iShares Global Equity Factor ETF (NYSEARCA:GLOF)’s share price were up 0.7% during trading on Friday. The stock traded as high as $61.21 and last traded at $61.09. 5,011 shares changed hands during trading, a decline of 75% from the average daily volume of 19,807 shares. The stock had previously closed at $60.65.

iShares Global Equity Factor ETF Price Performance

The company has a fifty day moving average price of $60.76 and a 200 day moving average price of $58.35. The company has a market cap of $198.54 million, a PE ratio of 17.48 and a beta of 0.91.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GLOF. Waverly Advisors LLC increased its position in shares of iShares Global Equity Factor ETF by 12.1% during the 1st quarter. Waverly Advisors LLC now owns 257,783 shares of the company’s stock valued at $13,436,000 after purchasing an additional 27,743 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of iShares Global Equity Factor ETF in the 1st quarter valued at $8,658,000. Hsbc Holdings PLC raised its position in iShares Global Equity Factor ETF by 79.1% in the 1st quarter. Hsbc Holdings PLC now owns 46,551 shares of the company’s stock worth $2,426,000 after purchasing an additional 20,560 shares during the period. Citadel Advisors LLC purchased a new stake in iShares Global Equity Factor ETF during the second quarter valued at about $1,715,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of iShares Global Equity Factor ETF during the first quarter valued at about $443,000.

iShares Global Equity Factor ETF Company Profile

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.