Reliance Global Group (NASDAQ:RELI) Trading Down 11.1%

Reliance Global Group, Inc. (NASDAQ:RELI) shares traded down 11.1% during mid-day trading on Thursday . The stock traded as low as $0.27 and last traded at $0.28. 167,119 shares were traded during trading, a decline of 81% from the average session volume of 882,994 shares. The stock had previously closed at $0.31.

Reliance Global Group Price Performance

The stock has a 50 day simple moving average of $0.41 and a 200 day simple moving average of $0.81.

Institutional Investors Weigh In On Reliance Global Group

A number of large investors have recently added to or reduced their stakes in the company. Citigroup Inc. purchased a new stake in shares of Reliance Global Group during the first quarter worth about $29,000. Vanguard Group Inc. purchased a new position in Reliance Global Group during the 3rd quarter valued at about $45,000. Price T Rowe Associates Inc. MD raised its position in Reliance Global Group by 179.0% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 61,100 shares of the company’s stock valued at $48,000 after purchasing an additional 39,200 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in Reliance Global Group in the 1st quarter worth approximately $75,000. Finally, Armistice Capital LLC bought a new stake in shares of Reliance Global Group in the 4th quarter worth approximately $85,000.

About Reliance Global Group

Reliance Global Group, Inc engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking, and insurance brokerage products. The company was formerly known as Ethos Media Network, Inc and changed its name to Reliance Global Group, Inc in October 2018.