iShares Global Equity Factor ETF (NYSEARCA:GLOF) Stock Price Down 0.4% – Here’s What Happened

iShares Global Equity Factor ETF (NYSEARCA:GLOF) shares traded down 0.4% on Thursday . The company traded as low as $54.69 and last traded at $54.85. 17,694 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 16,442 shares. The stock had previously closed at $55.06.

iShares Global Equity Factor ETF Price Performance

The firm’s fifty day simple moving average is $53.78 and its 200 day simple moving average is $52.23. The company has a market capitalization of $159.07 million, a price-to-earnings ratio of 17.48 and a beta of 0.91.

Hedge Funds Weigh In On iShares Global Equity Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLOF. Modern Wealth Management LLC grew its position in iShares Global Equity Factor ETF by 1.5% during the second quarter. Modern Wealth Management LLC now owns 16,735 shares of the company’s stock valued at $807,000 after purchasing an additional 242 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of iShares Global Equity Factor ETF by 12.5% during the 4th quarter. Osaic Holdings Inc. now owns 4,015 shares of the company’s stock valued at $212,000 after buying an additional 445 shares during the period. Camarda Financial Advisors LLC grew its holdings in shares of iShares Global Equity Factor ETF by 1.8% during the 4th quarter. Camarda Financial Advisors LLC now owns 39,824 shares of the company’s stock valued at $2,102,000 after acquiring an additional 703 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of iShares Global Equity Factor ETF during the 2nd quarter valued at $42,000. Finally, TFC Financial Management Inc. acquired a new position in shares of iShares Global Equity Factor ETF in the third quarter worth $47,000.

About iShares Global Equity Factor ETF

The iShares Global Equity Factor ETF (GLOF) is an exchange-traded fund that is based on the STOXX Global Equity Factor index. The fund tracks an index of large- and mid-cap equities from around the world. Stocks are selected and weighted to optimize exposure to five factors: quality, value, momentum, smaller size and low volatility. GLOF was launched on Apr 28, 2015 and is managed by BlackRock.