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

Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) shares dropped 0.6% on Friday . The company traded as low as $14.25 and last traded at $14.46. Approximately 7,364 shares traded hands during mid-day 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 business’s 50 day moving average is $13.98 and its 200-day moving average is $13.61. The stock has a market cap of $32.54 million, a price-to-earnings ratio of 11.13 and a beta of 0.57.

Arrow Dow Jones Global Yield ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th were given a dividend of $0.0836 per share. This is a boost from Arrow Dow Jones Global Yield ETF’s previous monthly dividend of $0.04. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Tuesday, February 17th.

Institutional Trading of Arrow Dow Jones Global Yield ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Sequent Planning LLC boosted its holdings in Arrow Dow Jones Global Yield ETF by 8.8% in the 1st quarter. Sequent Planning LLC now owns 16,268 shares of the company’s stock worth $224,000 after buying an additional 1,313 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Arrow Dow Jones Global Yield ETF by 7.0% in the 2nd quarter. Osaic Holdings Inc. now owns 47,040 shares of the company’s stock worth $618,000 after buying an additional 3,080 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Arrow Dow Jones Global Yield ETF by 15.1% in the 3rd quarter. Raymond James Financial Inc. now owns 24,704 shares of the company’s stock worth $330,000 after buying an additional 3,236 shares during the last quarter. Cetera Investment Advisers boosted its holdings in 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 worth $319,000 after buying an additional 5,064 shares during the last quarter. 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.