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

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

Reliance Global Group Stock Performance

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

Hedge Funds Weigh In On Reliance Global Group

A number of large investors have recently modified their holdings of the company. Armistice Capital LLC purchased a new stake in Reliance Global Group during the 4th quarter valued at $85,000. BlackRock Inc. increased its holdings in Reliance Global Group by 28,373.6% during the 1st quarter. BlackRock Inc. now owns 157,459 shares of the company’s stock valued at $679,000 after purchasing an additional 156,906 shares during the period. 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. Vanguard Group Inc. purchased a new stake in Reliance Global Group in the 3rd quarter worth approximately $45,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Reliance Global Group in the 1st quarter worth approximately $75,000.

Reliance Global Group Company Profile

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.