Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) Stock Price Up 0.4% – Should You Buy?

Shares of Arrow Dow Jones Global Yield ETF (NYSEARCA:GYLD) shot up 0.4% on Thursday . The stock traded as high as $12.94 and last traded at $12.94. 2,371 shares were traded during trading, a decline of 62% from the average session volume of 6,166 shares. The stock had previously closed at $12.89.

Arrow Dow Jones Global Yield ETF Stock Performance

The company has a market cap of $21.20 million, a P/E ratio of 6.31 and a beta of 0.26. The firm has a 50 day moving average price of $12.55 and a two-hundred day moving average price of $13.01.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC boosted its stake in Arrow Dow Jones Global Yield ETF by 14.6% in the 4th quarter. Citadel Advisors LLC now owns 56,716 shares of the company’s stock worth $696,000 after purchasing an additional 7,209 shares during the period. Raymond James Financial Inc. bought a new position in Arrow Dow Jones Global Yield ETF in the 4th quarter worth about $133,000. Finally, LPL Financial LLC boosted its stake in Arrow Dow Jones Global Yield ETF by 19.2% in the 4th quarter. LPL Financial LLC now owns 27,703 shares of the company’s stock worth $340,000 after purchasing an additional 4,453 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.