Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Shares Pass Above 200 Day Moving Average – Should You Sell?

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $35.41 and traded as high as $37.28. Hartford Multifactor Developed Markets (ex-US) ETF shares last traded at $37.23, with a volume of 68,755 shares traded.

Hartford Multifactor Developed Markets (ex-US) ETF Stock Performance

The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -86.58 and a beta of 0.72. The firm’s 50-day simple moving average is $36.42 and its two-hundred day simple moving average is $35.42.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in Hartford Multifactor Developed Markets (ex-US) ETF by 18.0% in the 1st quarter. Royal Bank of Canada now owns 199,968 shares of the exchange traded fund’s stock valued at $6,197,000 after buying an additional 30,458 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Hartford Multifactor Developed Markets (ex-US) ETF by 1.3% in the first quarter. NewEdge Advisors LLC now owns 95,912 shares of the exchange traded fund’s stock valued at $2,972,000 after acquiring an additional 1,257 shares during the last quarter. Jane Street Group LLC increased its position in Hartford Multifactor Developed Markets (ex-US) ETF by 2.1% in the first quarter. Jane Street Group LLC now owns 70,770 shares of the exchange traded fund’s stock worth $2,193,000 after purchasing an additional 1,463 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in Hartford Multifactor Developed Markets (ex-US) ETF by 14.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 18,886 shares of the exchange traded fund’s stock worth $644,000 after purchasing an additional 2,410 shares during the period. Finally, Sovran Advisors LLC raised its holdings in Hartford Multifactor Developed Markets (ex-US) ETF by 28.3% during the 2nd quarter. Sovran Advisors LLC now owns 18,823 shares of the exchange traded fund’s stock worth $640,000 after purchasing an additional 4,156 shares during the last quarter. Institutional investors own 7.13% of the company’s stock.

About Hartford Multifactor Developed Markets (ex-US) ETF

Direct Markets Holdings Corp., formerly Rodman & Renshaw Capital Group, Inc, is a holding company. Through its subsidiaries, it is engaged in the investment banking business. The Company’s principal operating subsidiary is Rodman & Renshaw, LLC (R&R). It is an investment bank, which provides corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. It also provides research and sales and trading services to institutional investors.