Empowered Funds LLC Invests $8.66 Million in iShares Global Equity Factor ETF $GLOF

Empowered Funds LLC acquired a new position in shares of iShares Global Equity Factor ETF (NYSEARCA:GLOF) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 166,125 shares of the company’s stock, valued at approximately $8,658,000. Empowered Funds LLC owned approximately 4.82% of iShares Global Equity Factor ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ignite Planners LLC raised its holdings in iShares Global Equity Factor ETF by 35.1% in the fourth quarter. Ignite Planners LLC now owns 82,038 shares of the company’s stock worth $4,452,000 after buying an additional 21,333 shares during the last quarter. Waverly Advisors LLC grew its holdings in shares of iShares Global Equity Factor ETF by 12.1% in the first quarter. Waverly Advisors LLC now owns 257,783 shares of the company’s stock worth $13,436,000 after acquiring an additional 27,743 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of iShares Global Equity Factor ETF during the 1st quarter valued at about $443,000. Hsbc Holdings PLC bought a new position in iShares Global Equity Factor ETF in the fourth quarter worth approximately $1,372,000. Finally, Fifth Third Bancorp purchased a new position in iShares Global Equity Factor ETF during the first quarter valued at $133,000.

iShares Global Equity Factor ETF Trading Down 0.3%

Shares of NYSEARCA:GLOF opened at $61.37 on Friday. The stock has a 50 day moving average of $59.14 and a 200 day moving average of $56.74. The company has a market cap of $224.00 million, a PE ratio of 17.48 and a beta of 0.91. iShares Global Equity Factor ETF has a 12-month low of $49.33 and a 12-month high of $61.78.

About iShares Global Equity Factor ETF

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.