iShares MSCI Italy ETF (NYSEARCA:EWI) Share Price Pass Above 50-Day Moving Average – Should You Sell?

iShares MSCI Italy ETF (NYSEARCA:EWI)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $52.06 and traded as high as $53.63. iShares MSCI Italy ETF shares last traded at $53.55, with a volume of 1,297,043 shares trading hands.

iShares MSCI Italy ETF Stock Performance

The stock has a market cap of $642.60 million, a price-to-earnings ratio of 12.30 and a beta of 1.01. The business’s 50 day moving average is $52.06 and its 200 day moving average is $50.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. ABC Arbitrage SA purchased a new stake in iShares MSCI Italy ETF in the 2nd quarter worth approximately $1,784,000. XTX Topco Ltd acquired a new position in shares of iShares MSCI Italy ETF in the first quarter worth $222,000. Simplex Trading LLC raised its holdings in shares of iShares MSCI Italy ETF by 4,076.5% during the first quarter. Simplex Trading LLC now owns 710 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 693 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of iShares MSCI Italy ETF during the first quarter worth $42,390,000. Finally, Wellington Management Group LLP acquired a new stake in iShares MSCI Italy ETF during the first quarter valued at $208,000. Hedge funds and other institutional investors own 37.96% of the company’s stock.

iShares MSCI Italy ETF Company Profile

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan Stock Exchange.