Reliance Global Group (NASDAQ:RELI) Shares Down 11.1%

Reliance Global Group, Inc. (NASDAQ:RELI)’s share price was down 11.1% during mid-day trading on Thursday . The stock traded as low as $0.27 and last traded at $0.28. Approximately 167,119 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 882,994 shares. The stock had previously closed at $0.31.

Reliance Global Group Stock Down 11.1 %

The company’s fifty day simple moving average is $0.41 and its 200-day simple moving average is $0.82.

Institutional Investors Weigh In On Reliance Global Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Armistice Capital LLC bought a new stake in shares of Reliance Global Group in the 4th quarter worth about $85,000. Vanguard Group Inc. bought a new stake in shares of Reliance Global Group in the 3rd quarter worth about $45,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Reliance Global Group by 179.0% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 61,100 shares of the company’s stock worth $48,000 after purchasing an additional 39,200 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Reliance Global Group in the 1st quarter worth about $75,000. Finally, BlackRock Inc. grew its holdings in shares of Reliance Global Group by 28,373.6% in the 1st quarter. BlackRock Inc. now owns 157,459 shares of the company’s stock worth $679,000 after purchasing an additional 156,906 shares during the last quarter.

Reliance Global Group Company Profile

Reliance Global Group, Inc engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking, and insurance brokerage products. The company was formerly known as Ethos Media Network, Inc and changed its name to Reliance Global Group, Inc in October 2018.