iShares Global Equity Factor ETF (NYSEARCA:GLOF) Stock Price Down 0.7% – Here’s Why

iShares Global Equity Factor ETF (NYSEARCA:GLOF) shares traded down 0.7% on Tuesday . The stock traded as low as $61.26 and last traded at $61.28. Approximately 34,403 shares were traded during trading, an increase of 76% from the average daily volume of 19,581 shares. The stock had previously closed at $61.70.

iShares Global Equity Factor ETF Price Performance

The firm has a market cap of $220.86 million, a PE ratio of 17.48 and a beta of 0.91. The business’s fifty day moving average is $60.05 and its 200-day moving average is $57.58.

Institutional Investors Weigh In On iShares Global Equity Factor ETF

A number of hedge funds have recently modified their holdings of GLOF. Waverly Advisors LLC lifted its stake in 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 valued at $13,436,000 after purchasing an additional 27,743 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of iShares Global Equity Factor ETF in the first quarter valued at $8,658,000. Ignite Planners LLC raised its stake in shares of 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 valued at $4,452,000 after buying an additional 21,333 shares during the period. Bank of America Corp DE lifted its position in shares of iShares Global Equity Factor ETF by 6,838.2% during the 2nd quarter. Bank of America Corp DE now owns 57,865 shares of the company’s stock valued at $2,789,000 after buying an additional 57,031 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of iShares Global Equity Factor ETF by 79.1% during the 1st quarter. Hsbc Holdings PLC now owns 46,551 shares of the company’s stock valued at $2,426,000 after buying an additional 20,560 shares during the last quarter.

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.