iShares Global Equity Factor ETF (NYSEARCA:GLOF) Share Price Cross Above 200 Day Moving Average – Here’s What Happened

iShares Global Equity Factor ETF (NYSEARCA:GLOF)’s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $57.90 and traded as high as $59.46. iShares Global Equity Factor ETF shares last traded at $59.33, with a volume of 31,668 shares trading hands.

iShares Global Equity Factor ETF Stock Performance

The stock has a 50 day moving average price of $60.54 and a 200 day moving average price of $57.95. The company has a market cap of $211.83 million, a P/E ratio of 17.42 and a beta of 0.93.

Institutional Investors Weigh In On iShares Global Equity Factor ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Compass Financial Management LLC purchased a new stake in iShares Global Equity Factor ETF during the second quarter valued at about $131,000. Fifth Third Bancorp bought a new position in iShares Global Equity Factor ETF during the first quarter valued at about $133,000. Integrated Wealth Concepts LLC bought a new stake in iShares Global Equity Factor ETF during the second quarter worth approximately $166,000. SYM FINANCIAL Corp acquired a new position in iShares Global Equity Factor ETF in the 3rd quarter valued at $389,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of iShares Global Equity Factor ETF during the 3rd quarter worth about $516,000.

About iShares Global Equity Factor ETF

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.