Hsbc Holdings PLC Takes $1.37 Million Position in iShares Global Equity Factor ETF $GLOF

Hsbc Holdings PLC acquired a new stake in iShares Global Equity Factor ETF (NYSEARCA:GLOF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 25,991 shares of the company’s stock, valued at approximately $1,372,000.

Several other hedge funds have also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in iShares Global Equity Factor ETF during the 2nd quarter valued at about $1,746,000. Ameriprise Financial Inc. lifted its position in shares of iShares Global Equity Factor ETF by 66.3% during the second quarter. Ameriprise Financial Inc. now owns 25,078 shares of the company’s stock worth $1,209,000 after purchasing an additional 10,002 shares in the last quarter. Bank of America Corp DE lifted its position in shares of iShares Global Equity Factor ETF by 6,838.2% during the second quarter. Bank of America Corp DE now owns 57,865 shares of the company’s stock worth $2,789,000 after purchasing an additional 57,031 shares in the last quarter. Modern Wealth Management LLC boosted its stake in shares of iShares Global Equity Factor ETF by 1.5% in the second quarter. Modern Wealth Management LLC now owns 16,735 shares of the company’s stock valued at $807,000 after purchasing an additional 242 shares during the period. Finally, Citadel Advisors LLC boosted its stake in shares of iShares Global Equity Factor ETF by 63.0% in the third quarter. Citadel Advisors LLC now owns 37,898 shares of the company’s stock valued at $1,956,000 after purchasing an additional 14,645 shares during the period.

iShares Global Equity Factor ETF Stock Performance

Shares of GLOF stock opened at $59.34 on Monday. iShares Global Equity Factor ETF has a fifty-two week low of $48.07 and a fifty-two week high of $60.31. The company has a 50 day moving average price of $58.68 and a 200 day moving average price of $55.69. The stock has a market capitalization of $213.62 million, a P/E ratio of 17.48 and a beta of 0.91.

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