Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) Stock Price Down 0.6% – Here’s Why

Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD)’s stock price dropped 0.6% during mid-day trading on Thursday . The company traded as low as $12.65 and last traded at $12.73. Approximately 1,726 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 6,846 shares. The stock had previously closed at $12.81.

Arrow Dow Jones Global Yield ETF Stock Performance

The stock has a market cap of $20.26 million, a P/E ratio of 10.19 and a beta of 0.95. The business has a 50 day simple moving average of $12.63 and a 200-day simple moving average of $12.97.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of Arrow Dow Jones Global Yield ETF during the 4th quarter valued at $133,000. LPL Financial LLC lifted its position in shares of Arrow Dow Jones Global Yield ETF by 19.2% during the 4th quarter. LPL Financial LLC now owns 27,703 shares of the company’s stock valued at $340,000 after buying an additional 4,453 shares during the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Arrow Dow Jones Global Yield ETF by 14.6% during the 4th quarter. Citadel Advisors LLC now owns 56,716 shares of the company’s stock valued at $696,000 after buying an additional 7,209 shares during the last quarter.

About Arrow Dow Jones Global Yield ETF

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.