Arrow Dow Jones Global Yield ETF (NYSE:GYLD) Stock Falls 1.3% – What’s Next?

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

Arrow Dow Jones Global Yield ETF Price Performance

The firm has a market cap of $38.65 million, a PE ratio of 11.13 and a beta of 0.57. The business has a 50-day moving average price of $14.19 and a two-hundred day moving average price of $14.16.

Arrow Dow Jones Global Yield ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 21st. Investors of record on Wednesday, September 16th were given a dividend of $0.0906 per share. The ex-dividend date was Wednesday, September 16th. This represents a $1.09 annualized dividend and a dividend yield of 8.2%. This is a decrease from Arrow Dow Jones Global Yield ETF’s previous monthly dividend of $0.0913.

Hedge Funds Weigh In On Arrow Dow Jones Global Yield ETF

Hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Arrow Dow Jones Global Yield ETF in the second quarter valued at $132,000. NewEdge Advisors LLC acquired a new position in Arrow Dow Jones Global Yield ETF in the 1st quarter valued at about $209,000. Finally, Sequent Planning LLC raised its stake in Arrow Dow Jones Global Yield ETF by 8.8% in the 1st quarter. Sequent Planning LLC now owns 16,268 shares of the company’s stock valued at $224,000 after purchasing an additional 1,313 shares during 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.

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