Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) Stock Price Up 0.8% – Should You Buy?

Shares of Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) rose 0.8% on Friday . The stock traded as high as $14.34 and last traded at $14.31. Approximately 13,398 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 19,818 shares. The stock had previously closed at $14.19.

Arrow Dow Jones Global Yield ETF Trading Up 0.8%

The company has a 50-day moving average price of $14.03 and a two-hundred day moving average price of $13.71. The stock has a market capitalization of $32.20 million, a P/E ratio of 11.13 and a beta of 0.57.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Sequent Planning LLC raised its position in shares of 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 worth $224,000 after acquiring an additional 1,313 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Arrow Dow Jones Global Yield ETF by 29.3% in the 2nd quarter. Raymond James Financial Inc. now owns 21,468 shares of the company’s stock worth $282,000 after acquiring an additional 4,865 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Arrow Dow Jones Global Yield ETF in the 2nd quarter worth about $305,000. Regal Investment Advisors LLC bought a new position in shares of Arrow Dow Jones Global Yield ETF in the 4th quarter worth about $319,000. Finally, Cetera Investment Advisers raised its position in shares of Arrow Dow Jones Global Yield ETF by 26.4% in the 2nd quarter. Cetera Investment Advisers now owns 24,267 shares of the company’s stock worth $319,000 after acquiring an additional 5,064 shares in 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. GYLD was launched on May 8, 2012 and is managed by ArrowShares.