iShares Global Equity Factor ETF (NYSEARCA:GLOF) Trading 0.8% Higher – Should You Buy?

iShares Global Equity Factor ETF (NYSEARCA:GLOF)’s stock price traded up 0.8% on Monday . The company traded as high as $54.35 and last traded at $54.32. 2,518 shares were traded during trading, a decline of 88% from the average session volume of 21,520 shares. The stock had previously closed at $53.90.

iShares Global Equity Factor ETF Stock Performance

The company has a market capitalization of $157.53 million, a P/E ratio of 17.48 and a beta of 0.91. The business’s fifty day simple moving average is $52.93 and its 200-day simple moving average is $51.54.

Institutional Investors Weigh In On iShares Global Equity Factor ETF

A number of hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC bought a new position in iShares Global Equity Factor ETF during the third quarter valued at approximately $71,000. Citadel Advisors LLC raised its holdings in shares of iShares Global Equity Factor ETF by 63.0% during the 3rd quarter. Citadel Advisors LLC now owns 37,898 shares of the company’s stock worth $1,956,000 after acquiring an additional 14,645 shares in the last quarter. Promus Capital LLC boosted its position in shares of iShares Global Equity Factor ETF by 7.7% during the 3rd quarter. Promus Capital LLC now owns 248,459 shares of the company’s stock valued at $12,824,000 after acquiring an additional 17,864 shares during the last quarter. Belpointe Asset Management LLC bought a new position in shares of iShares Global Equity Factor ETF during the 3rd quarter valued at approximately $310,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of iShares Global Equity Factor ETF in the third quarter valued at $229,000.

iShares Global Equity Factor ETF Company Profile

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.