Siemens Aktiengesellschaft (OTCMKTS:SMAWF) Shares Cross Above 50-Day Moving Average – Here’s Why

Siemens Aktiengesellschaft (OTCMKTS:SMAWF) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $276.21 and traded as high as $290.00. Siemens Aktiengesellschaft shares last traded at $280.1950, with a volume of 301 shares changing hands.

Siemens Aktiengesellschaft Trading Up 0.1%

The business’s 50-day moving average is $276.21 and its 200-day moving average is $261.01.

Institutional Trading of Siemens Aktiengesellschaft

Several hedge funds and other institutional investors have recently bought and sold shares of SMAWF. Generali Investments CEE investicni spolecnost a.s. lifted its holdings in Siemens Aktiengesellschaft by 5.6% in the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 44,611 shares of the company’s stock valued at $11,474,000 after acquiring an additional 2,368 shares during the period. Boston Common Asset Management LLC purchased a new position in shares of Siemens Aktiengesellschaft during the 2nd quarter valued at approximately $34,898,000. Finally, GAMMA Investing LLC increased its holdings in shares of Siemens Aktiengesellschaft by 51.8% during the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $146,000 after purchasing an additional 186 shares in the last quarter. 23.99% of the stock is owned by institutional investors and hedge funds.

About Siemens Aktiengesellschaft

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS) segments.