Arrow Dow Jones Global Yield ETF (NYSE:GYLD) Stock Price Down 1.3% – Time to Sell?

Arrow Dow Jones Global Yield ETF (NYSE:GYLD – Get Free Report)’s share price traded down 1.3% during trading on Wednesday. The company traded as low as $13.11 and last traded at $13.2350. Approximately 8,047 shares traded hands during trading, a decline of 50% from the average session volume of 16,240 shares. The stock had previously closed at $13.41.

Arrow Dow Jones Global Yield ETF Trading Up 0.5%

The business has a 50 day moving average price of $14.17 and a 200-day moving average price of $14.16. The firm has a market capitalization of $39.08 million, a PE ratio of 11.13 and a beta of 0.57.

Arrow Dow Jones Global Yield ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, September 21st. Investors of record on Wednesday, September 16th were paid a $0.0906 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend was Wednesday, September 16th. This is a decrease from Arrow Dow Jones Global Yield ETF’s previous monthly dividend of $0.0913.

Institutional Investors Weigh In On Arrow Dow Jones Global Yield ETF

Several hedge funds have recently modified their holdings of GYLD. Integrated Wealth Concepts LLC purchased a new position in shares of Arrow Dow Jones Global Yield ETF during the 2nd quarter worth about $132,000. NewEdge Advisors LLC boosted its position in Arrow Dow Jones Global Yield ETF by 22.3% during the 2nd quarter. NewEdge Advisors LLC now owns 18,556 shares of the company’s stock worth $264,000 after purchasing an additional 3,378 shares during the period. Finally, Sequent Planning LLC lifted its stake in shares of Arrow Dow Jones Global Yield ETF by 8.8% during the first quarter. Sequent Planning LLC now owns 16,268 shares of the company’s stock worth $224,000 after purchasing an additional 1,313 shares in the last quarter.

Arrow Dow Jones Global Yield ETF Company Profile

(Get Free Report)

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.

Further Reading

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