Global X DAX Germany ETF (NASDAQ:DAX) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Global X DAX Germany ETF (NASDAQ:DAX) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $44.54 and traded as high as $46.09. Global X DAX Germany ETF shares last traded at $45.82, with a volume of 29,184 shares changing hands.

Global X DAX Germany ETF Trading Up 1.1%

The stock has a fifty day simple moving average of $44.54 and a two-hundred day simple moving average of $44.99. The company has a market cap of $266.21 million, a PE ratio of 18.27 and a beta of 0.94.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in Global X DAX Germany ETF by 707.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 807 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 707 shares during the period. Spire Wealth Management boosted its stake in shares of Global X DAX Germany ETF by 72.7% during the 4th quarter. Spire Wealth Management now owns 950 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 400 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of Global X DAX Germany ETF during the 4th quarter worth approximately $44,000. AE Wealth Management LLC boosted its stake in shares of Global X DAX Germany ETF by 668.0% during the 3rd quarter. AE Wealth Management LLC now owns 1,705 shares of the exchange traded fund’s stock worth $76,000 after acquiring an additional 1,483 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of Global X DAX Germany ETF by 1,659.7% during the 1st quarter. Comerica Bank now owns 2,534 shares of the exchange traded fund’s stock worth $99,000 after acquiring an additional 2,390 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.