Arrow Dow Jones Global Yield ETF (NYSE:GYLD) Announces $0.09 Monthly Dividend

Arrow Dow Jones Global Yield ETF (NYSE:GYLD) announced a monthly dividend on Tuesday, September 15th. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.0906 per share on Monday, September 21st. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Wednesday, September 16th.

Arrow Dow Jones Global Yield ETF Trading Down 1.1%

Shares of NYSE:GYLD opened at $14.15 on Wednesday. The stock has a fifty day simple moving average of $14.37 and a two-hundred day simple moving average of $14.18. Arrow Dow Jones Global Yield ETF has a 12-month low of $12.88 and a 12-month high of $14.69. The stock has a market capitalization of $37.09 million, a price-to-earnings ratio of 11.13 and a beta of 0.55.

Institutional Investors Weigh In On Arrow Dow Jones Global Yield ETF

A number of hedge funds have recently added to or reduced their stakes in GYLD. Integrated Wealth Concepts LLC bought a new stake in shares of Arrow Dow Jones Global Yield ETF during the 2nd quarter valued at $132,000. NewEdge Advisors LLC increased its stake in shares of Arrow Dow Jones Global Yield ETF by 22.3% in the 2nd quarter. NewEdge Advisors LLC now owns 18,556 shares of the company’s stock worth $264,000 after purchasing an additional 3,378 shares in the last quarter. Finally, Sequent Planning LLC raised its holdings 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 worth $224,000 after purchasing an additional 1,313 shares during the period.

Arrow Dow Jones Global Yield ETF Company Profile

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.