iShares Global Equity Factor ETF (NYSEARCA:GLOF) Stock Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of iShares Global Equity Factor ETF (NYSEARCA:GLOF) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $43.22 and traded as high as $44.83. iShares Global Equity Factor ETF shares last traded at $44.83, with a volume of 4,179 shares.

iShares Global Equity Factor ETF Stock Performance

The firm’s fifty day moving average is $44.44 and its 200-day moving average is $43.22. The company has a market capitalization of $134.49 million, a P/E ratio of 15.45 and a beta of 0.93.

Institutional Investors Weigh In On iShares Global Equity Factor ETF

Hedge funds have recently modified their holdings of the company. ARQ Wealth Advisors LLC raised its position in iShares Global Equity Factor ETF by 5.7% in the first quarter. ARQ Wealth Advisors LLC now owns 6,465 shares of the company’s stock valued at $267,000 after purchasing an additional 347 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of iShares Global Equity Factor ETF during the first quarter worth about $332,000. Elevated Capital Advisors LLC raised its holdings in iShares Global Equity Factor ETF by 7.6% in the 2nd quarter. Elevated Capital Advisors LLC now owns 13,124 shares of the company’s stock valued at $556,000 after buying an additional 926 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in iShares Global Equity Factor ETF during the 3rd quarter worth approximately $1,130,000. Finally, Hsbc Holdings PLC increased its position in iShares Global Equity Factor ETF by 170.1% in the 2nd quarter. Hsbc Holdings PLC now owns 112,218 shares of the company’s stock valued at $4,756,000 after acquiring an additional 70,676 shares during the period.

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.