iShares Global Equity Factor ETF (NYSEARCA:GLOF) Shares Pass Above 200-Day Moving Average – Here’s Why

iShares Global Equity Factor ETF (NYSEARCA:GLOF) crossed 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 trading hands.

iShares Global Equity Factor ETF Price Performance

The stock has a market capitalization of $135.54 million, a PE ratio of 15.45 and a beta of 0.93. The firm’s 50 day simple moving average is $44.49 and its 200 day simple moving average is $43.24.

Hedge Funds Weigh In On iShares Global Equity Factor ETF

Large investors have recently added to or reduced their stakes in the business. Elevated Capital Advisors LLC increased its holdings in shares of 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 during the period. Virtu Financial LLC bought a new stake in iShares Global Equity Factor ETF in the first quarter valued at approximately $332,000. Flow Traders U.S. LLC purchased a new stake in shares of iShares Global Equity Factor ETF during the third quarter valued at approximately $1,130,000. Finally, Hsbc Holdings PLC grew its holdings in shares of iShares Global Equity Factor ETF by 170.1% in the second quarter. Hsbc Holdings PLC now owns 112,218 shares of the company’s stock worth $4,756,000 after purchasing an additional 70,676 shares during the last quarter.

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.