Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Hartford Multifactor Developed Markets (ex-US) ETF (NYSEARCA:RODM) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $40.82 and traded as high as $42.16. Hartford Multifactor Developed Markets (ex-US) ETF shares last traded at $41.87, with a volume of 65,992 shares.

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

The firm’s 50 day moving average price is $41.43 and its 200 day moving average price is $40.83. The stock has a market capitalization of $1.67 billion, a P/E ratio of -99.19 and a beta of 0.64.

Hartford Multifactor Developed Markets (ex-US) ETF Announces Dividend

The company also recently disclosed a semiannual dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 25th were issued a $0.6443 dividend. The ex-dividend date was Thursday, June 25th. This represents a yield of 320.0%. Hartford Multifactor Developed Markets (ex-US) ETF’s dividend payout ratio is -267.44%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors bought a new position in shares of Hartford Multifactor Developed Markets (ex-US) ETF in the first quarter worth approximately $39,000. Webster Bank N. A. purchased a new stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF during the first quarter valued at approximately $60,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF during the fourth quarter valued at approximately $74,000. Kestra Advisory Services LLC bought a new stake in shares of Hartford Multifactor Developed Markets (ex-US) ETF during the fourth quarter valued at approximately $112,000. Finally, Fifth Third Bancorp purchased a new position in Hartford Multifactor Developed Markets (ex-US) ETF in the 1st quarter worth approximately $115,000. Institutional investors own 7.13% of the company’s stock.

Hartford Multifactor Developed Markets (ex-US) ETF Company Profile

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.