iShares MSCI Malaysia ETF (NYSEARCA:EWM) Share Price Cross Above 200 Day Moving Average – Should You Sell?

iShares MSCI Malaysia ETF (NYSEARCA:EWM) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.37 and traded as high as $27.64. iShares MSCI Malaysia ETF shares last traded at $27.64, with a volume of 73,686 shares trading hands.

iShares MSCI Malaysia ETF Stock Performance

The company has a market capitalization of $275.85 million, a price-to-earnings ratio of 14.29 and a beta of 0.55. The firm has a 50-day simple moving average of $26.47 and a two-hundred day simple moving average of $25.37.

Institutional Investors Weigh In On iShares MSCI Malaysia ETF

A number of large investors have recently modified their holdings of the company. Breakout Capital Partners LP lifted its holdings in iShares MSCI Malaysia ETF by 52.3% during the 3rd quarter. Breakout Capital Partners LP now owns 783,676 shares of the exchange traded fund’s stock worth $20,313,000 after buying an additional 269,200 shares during the last quarter. Capula Management Ltd purchased a new position in iShares MSCI Malaysia ETF during the 3rd quarter worth $378,000. Bcwm LLC lifted its position in iShares MSCI Malaysia ETF by 8.3% during the 3rd quarter. Bcwm LLC now owns 144,136 shares of the exchange traded fund’s stock worth $3,736,000 after acquiring an additional 11,046 shares during the period. Zacks Investment Management raised its position in iShares MSCI Malaysia ETF by 4.1% during the 3rd quarter. Zacks Investment Management now owns 22,913 shares of the exchange traded fund’s stock worth $594,000 after buying an additional 892 shares during the last quarter. Finally, UBS Group AG boosted its holdings in iShares MSCI Malaysia ETF by 175.8% in the 3rd quarter. UBS Group AG now owns 707,500 shares of the exchange traded fund’s stock valued at $18,338,000 after purchasing an additional 451,008 shares in the last quarter. 86.75% of the stock is owned by hedge funds and other institutional investors.

About iShares MSCI Malaysia ETF

iShares MSCI Malaysia ETF, formerly iShares MSCI Malaysia Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Malaysian market, as measured by the MSCI Malaysia Index (the Index). The Index seeks to measure the performance of the Malaysian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.