Global X DAX Germany ETF (NASDAQ:DAX) Stock Passes Above Fifty Day Moving Average – Here’s Why

Shares of Global X DAX Germany ETF (NASDAQ:DAX) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $45.08 and traded as high as $45.58. Global X DAX Germany ETF shares last traded at $45.25, with a volume of 30,110 shares.

Global X DAX Germany ETF Trading Up 2.2%

The company has a 50 day simple moving average of $45.08 and a 200-day simple moving average of $45.13. The stock has a market cap of $247.52 million, a price-to-earnings ratio of 18.27 and a beta of 0.95.

Global X DAX Germany ETF Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 29th will be issued a dividend of $0.8567 per share. The ex-dividend date is Monday, June 29th.

Institutional Investors Weigh In On Global X DAX Germany ETF

Several institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in Global X DAX Germany ETF by 707.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 807 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 707 shares during the last quarter. Spire Wealth Management raised its holdings in shares of Global X DAX Germany ETF by 72.7% in the fourth quarter. Spire Wealth Management now owns 950 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 400 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Global X DAX Germany ETF in the fourth quarter valued at approximately $44,000. Comerica Bank raised its holdings in shares of Global X DAX Germany ETF by 1,659.7% in the first quarter. Comerica Bank now owns 2,534 shares of the exchange traded fund’s stock valued at $99,000 after purchasing an additional 2,390 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Global X DAX Germany ETF in the second quarter worth $188,000.

Global X DAX Germany ETF Company Profile

The Global X DAX Germany ETF (DAX) is an exchange-traded fund that is based on the DAX index, a market-cap-weighted, total return index of the 30 largest and most liquid securities traded on the Frankfurt Exchange. DAX was launched on Oct 22, 2014 and is managed by Global X.