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

Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) dropped 0.6% during mid-day trading on Friday . The stock traded as low as $14.25 and last traded at $14.46. Approximately 7,364 shares traded hands during trading, a decline of 61% from the average daily volume of 18,941 shares. The stock had previously closed at $14.55.

Arrow Dow Jones Global Yield ETF Stock Performance

The company has a market cap of $32.54 million, a PE ratio of 11.13 and a beta of 0.57. The firm’s 50 day moving average is $13.98 and its 200-day moving average is $13.61.

Arrow Dow Jones Global Yield ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were paid a $0.0836 dividend. This is a positive change from Arrow Dow Jones Global Yield ETF’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 6.9%.

Institutional Trading of Arrow Dow Jones Global Yield ETF

Several hedge funds have recently made changes to their positions in GYLD. LPL Financial LLC grew its stake in shares of Arrow Dow Jones Global Yield ETF by 17.8% in the 4th quarter. LPL Financial LLC now owns 207,047 shares of the company’s stock valued at $2,793,000 after buying an additional 31,268 shares during the period. Regal Investment Advisors LLC purchased a new stake in shares of Arrow Dow Jones Global Yield ETF in the 4th quarter valued at approximately $319,000. Jane Street Group LLC purchased a new stake in shares of Arrow Dow Jones Global Yield ETF in the 2nd quarter valued at approximately $305,000. Osaic Holdings Inc. grew its stake in shares of Arrow Dow Jones Global Yield ETF by 18.4% in the 4th quarter. Osaic Holdings Inc. now owns 56,158 shares of the company’s stock valued at $758,000 after buying an additional 8,713 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of Arrow Dow Jones Global Yield ETF by 26.4% in the 2nd quarter. Cetera Investment Advisers now owns 24,267 shares of the company’s stock valued at $319,000 after buying an additional 5,064 shares during the period.

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.