Global X Dax Germany ETF (NASDAQ:DAX) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Global X Dax Germany ETF (NASDAQ:DAX) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $38.04 and traded as high as $40.60. Global X Dax Germany ETF shares last traded at $40.49, with a volume of 354,890 shares trading hands.

Global X Dax Germany ETF Stock Performance

The firm has a 50 day moving average price of $38.04 and a two-hundred day moving average price of $35.35. The company has a market cap of $81.38 million, a P/E ratio of 19.24 and a beta of 1.01.

Global X Dax Germany ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were paid a $0.0906 dividend. The ex-dividend date was Monday, December 30th.

Institutional Trading of Global X Dax Germany ETF

A number of institutional investors have recently modified their holdings of the business. Flow Traders U.S. LLC raised its stake in shares of Global X Dax Germany ETF by 452.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 62,347 shares of the exchange traded fund’s stock valued at $2,189,000 after purchasing an additional 51,058 shares during the period. Osborne Partners Capital Management LLC increased its position in shares of Global X Dax Germany ETF by 1.1% during the fourth quarter. Osborne Partners Capital Management LLC now owns 663,344 shares of the exchange traded fund’s stock valued at $22,102,000 after buying an additional 6,911 shares during the period. Apollon Wealth Management LLC purchased a new stake in shares of Global X Dax Germany ETF in the fourth quarter worth about $597,000. Cape Investment Advisory Inc. boosted its position in shares of Global X Dax Germany ETF by 32.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,267 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 314 shares during the period. Finally, LPL Financial LLC grew its stake in Global X Dax Germany ETF by 17.9% during the fourth quarter. LPL Financial LLC now owns 84,014 shares of the exchange traded fund’s stock valued at $2,799,000 after acquiring an additional 12,774 shares in the last quarter.

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.