Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) Shares Down 0.2% – Here’s What Happened

Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) shares were down 0.2% during mid-day trading on Wednesday . The company traded as low as $14.37 and last traded at $14.37. Approximately 19,501 shares were traded during trading, an increase of 9% from the average daily volume of 17,867 shares. The stock had previously closed at $14.40.

Arrow Dow Jones Global Yield ETF Trading Down 0.1%

The firm has a market cap of $36.80 million, a PE ratio of 11.13 and a beta of 0.55. The stock has a fifty day simple moving average of $14.23 and a two-hundred day simple moving average of $14.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GYLD. NewEdge Advisors LLC bought a new position in shares of Arrow Dow Jones Global Yield ETF during the 1st quarter valued at about $209,000. Sequent Planning LLC grew its holdings in shares of 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 worth $224,000 after purchasing an additional 1,313 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Arrow Dow Jones Global Yield ETF by 18.4% in the fourth quarter. Osaic Holdings Inc. now owns 56,158 shares of the company’s stock worth $758,000 after buying an additional 8,713 shares during the period. Regal Investment Advisors LLC bought a new stake in shares of Arrow Dow Jones Global Yield ETF during the 4th quarter valued at $319,000. Finally, LPL Financial LLC grew its holdings in Arrow Dow Jones Global Yield ETF by 17.8% in the fourth quarter. LPL Financial LLC now owns 207,047 shares of the company’s stock worth $2,793,000 after purchasing an additional 31,268 shares during the period.

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.