Miracle Mile Advisors LLC Takes $1.76 Million Position in iShares Global Equity Factor ETF $GLOF

Miracle Mile Advisors LLC purchased a new position in shares of iShares Global Equity Factor ETF (NYSEARCA:GLOF) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,023 shares of the company’s stock, valued at approximately $1,756,000. Miracle Mile Advisors LLC owned about 1.13% of iShares Global Equity Factor ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Modern Wealth Management LLC lifted its position in shares of iShares Global Equity Factor ETF by 1.5% during the 2nd quarter. Modern Wealth Management LLC now owns 16,735 shares of the company’s stock worth $807,000 after buying an additional 242 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of iShares Global Equity Factor ETF during the second quarter valued at approximately $42,000. 5T Wealth LLC increased its position in shares of iShares Global Equity Factor ETF by 3.6% during the third quarter. 5T Wealth LLC now owns 39,005 shares of the company’s stock valued at $2,013,000 after acquiring an additional 1,344 shares during the last quarter. Burt Wealth Advisors lifted its holdings in iShares Global Equity Factor ETF by 24.6% during the second quarter. Burt Wealth Advisors now owns 9,117 shares of the company’s stock worth $439,000 after acquiring an additional 1,802 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in iShares Global Equity Factor ETF in the second quarter worth $117,000.

iShares Global Equity Factor ETF Price Performance

Shares of iShares Global Equity Factor ETF stock opened at $52.96 on Friday. The firm has a market cap of $153.58 million, a PE ratio of 17.48 and a beta of 0.91. iShares Global Equity Factor ETF has a 1 year low of $37.65 and a 1 year high of $53.51. The stock has a fifty day moving average price of $52.53 and a 200-day moving average price of $50.81.

iShares Global Equity Factor ETF Profile

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.