Promus Capital LLC Buys 17,864 Shares of iShares Global Equity Factor ETF $GLOF

Promus Capital LLC lifted its stake in iShares Global Equity Factor ETF (NYSEARCA:GLOF) by 7.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 248,459 shares of the company’s stock after acquiring an additional 17,864 shares during the quarter. iShares Global Equity Factor ETF comprises approximately 8.2% of Promus Capital LLC’s portfolio, making the stock its 2nd largest position. Promus Capital LLC owned 0.09% of iShares Global Equity Factor ETF worth $12,824,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Modern Wealth Management LLC lifted its position in iShares Global Equity Factor ETF by 1.5% during the 2nd quarter. Modern Wealth Management LLC now owns 16,735 shares of the company’s stock worth $807,000 after acquiring an additional 242 shares in the last quarter. Bank of Montreal Can acquired a new stake in iShares Global Equity Factor ETF in the second quarter valued at approximately $42,000. TFC Financial Management Inc. purchased a new stake in shares of iShares Global Equity Factor ETF during the third quarter valued at approximately $47,000. 5T Wealth LLC raised its stake in shares of iShares Global Equity Factor ETF by 3.6% during the third quarter. 5T Wealth LLC now owns 39,005 shares of the company’s stock valued at $2,013,000 after purchasing an additional 1,344 shares during the period. Finally, Ignite Planners LLC lifted its position in shares of iShares Global Equity Factor ETF by 6.6% during the third quarter. Ignite Planners LLC now owns 60,705 shares of the company’s stock worth $3,133,000 after purchasing an additional 3,784 shares in the last quarter.

iShares Global Equity Factor ETF Trading Up 1.0%

Shares of GLOF stock opened at $53.71 on Tuesday. The firm has a fifty day simple moving average of $54.24 and a 200-day simple moving average of $52.69. The company has a market capitalization of $155.76 million, a PE ratio of 17.48 and a beta of 0.91. iShares Global Equity Factor ETF has a twelve month low of $37.65 and a twelve month high of $55.74.

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. GLOF was launched on Apr 28, 2015 and is managed by BlackRock.