Arrow Dow Jones Global Yield ETF (NYSE:GYLD) Trading Down 0.3% – Here’s Why

Arrow Dow Jones Global Yield ETF (NYSE:GYLD) shares dropped 0.3% during mid-day trading on Wednesday . The stock traded as low as $14.20 and last traded at $14.39. 8,375 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 16,742 shares. The stock had previously closed at $14.43.

Arrow Dow Jones Global Yield ETF Price Performance

The stock has a market cap of $37.70 million, a price-to-earnings ratio of 11.13 and a beta of 0.55. The firm’s 50-day moving average is $14.37 and its 200 day moving average is $14.18.

Arrow Dow Jones Global Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Thursday, July 16th were issued a dividend of $0.0844 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Thursday, July 16th.

Institutional Investors Weigh In On Arrow Dow Jones Global Yield ETF

Institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new position in shares of Arrow Dow Jones Global Yield ETF in the 2nd quarter worth about $132,000. NewEdge Advisors LLC increased 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 in the last quarter. Sequent Planning LLC raised its holdings in Arrow Dow Jones Global Yield ETF by 8.8% in the first quarter. Sequent Planning LLC now owns 16,268 shares of the company’s stock valued at $224,000 after buying an additional 1,313 shares during the period. Osaic Holdings Inc. raised its holdings in Arrow Dow Jones Global Yield ETF by 18.4% in the fourth quarter. Osaic Holdings Inc. now owns 56,158 shares of the company’s stock valued at $758,000 after buying an additional 8,713 shares during the period. Finally, Regal Investment Advisors LLC acquired a new position in Arrow Dow Jones Global Yield ETF during the fourth quarter valued at approximately $319,000.

Arrow Dow Jones Global Yield ETF Company Profile

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.