Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) Trading Up 0.8% – Here’s What Happened

Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) shares rose 0.8% during mid-day trading on Friday . The company traded as high as $14.34 and last traded at $14.31. Approximately 13,398 shares changed hands during trading, a decline of 32% from the average daily volume of 19,818 shares. The stock had previously closed at $14.19.

Arrow Dow Jones Global Yield ETF Trading Up 0.8%

The business has a 50-day moving average price of $14.03 and a 200-day moving average price of $13.71. The firm has a market cap of $32.20 million, a P/E ratio of 11.13 and a beta of 0.57.

Hedge Funds Weigh In On Arrow Dow Jones Global Yield ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sequent Planning LLC grew its position in shares of Arrow Dow Jones Global Yield ETF by 8.8% during 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 in the last quarter. LPL Financial LLC grew its position in shares of Arrow Dow Jones Global Yield ETF by 17.8% during the 4th quarter. LPL Financial LLC now owns 207,047 shares of the company’s stock worth $2,793,000 after buying an additional 31,268 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Arrow Dow Jones Global Yield ETF by 18.4% during the 4th quarter. Osaic Holdings Inc. now owns 56,158 shares of the company’s stock worth $758,000 after buying an additional 8,713 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Arrow Dow Jones Global Yield ETF by 15.1% during 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 in the last quarter. Finally, Regal Investment Advisors LLC bought a new position in shares of Arrow Dow Jones Global Yield ETF during the 4th quarter worth $319,000.

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.