iShares Global Equity Factor ETF (NYSEARCA:GLOF) Shares Up 0.4% – Here’s Why

iShares Global Equity Factor ETF (NYSEARCA:GLOF)’s share price traded up 0.4% during mid-day trading on Friday . The company traded as high as $43.95 and last traded at $43.75. 2,333 shares traded hands during trading, a decline of 74% from the average session volume of 8,951 shares. The stock had previously closed at $43.60.

iShares Global Equity Factor ETF Stock Performance

The company’s 50-day moving average price is $43.99 and its 200 day moving average price is $42.65. The stock has a market cap of $131.26 million, a PE ratio of 15.45 and a beta of 0.93.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. ARQ Wealth Advisors LLC grew its position in shares of iShares Global Equity Factor ETF by 5.7% during the 1st quarter. ARQ Wealth Advisors LLC now owns 6,465 shares of the company’s stock valued at $267,000 after acquiring an additional 347 shares during the period. Advisors Preferred LLC lifted its position in iShares Global Equity Factor ETF by 705.3% during the first quarter. Advisors Preferred LLC now owns 7,715 shares of the company’s stock valued at $318,000 after purchasing an additional 6,757 shares in the last quarter. Virtu Financial LLC bought a new stake in iShares Global Equity Factor ETF during the first quarter valued at about $332,000. Elevated Capital Advisors LLC increased its position in iShares Global Equity Factor ETF by 7.6% in the second quarter. Elevated Capital Advisors LLC now owns 13,124 shares of the company’s stock worth $556,000 after buying an additional 926 shares in the last quarter. Finally, Camarda Financial Advisors LLC raised its stake in shares of iShares Global Equity Factor ETF by 6.1% in the first quarter. Camarda Financial Advisors LLC now owns 45,192 shares of the company’s stock worth $1,867,000 after buying an additional 2,595 shares during the period.

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.