iShares MSCI Malaysia ETF (NYSEARCA:EWM) Shares Pass Above 200 Day Moving Average – Here’s Why

iShares MSCI Malaysia ETF (NYSEARCA:EWM) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $25.70 and traded as high as $28.18. iShares MSCI Malaysia ETF shares last traded at $28.05, with a volume of 660,698 shares traded.

iShares MSCI Malaysia ETF Trading Up 0.3%

The stock has a fifty day moving average of $26.89 and a two-hundred day moving average of $25.70. The company has a market capitalization of $305.18 million, a PE ratio of 14.29 and a beta of 0.55.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in iShares MSCI Malaysia ETF during the 2nd quarter valued at about $84,000. Cibc World Market Inc. bought a new stake in iShares MSCI Malaysia ETF in the third quarter worth $202,000. Cresset Asset Management LLC purchased a new position in iShares MSCI Malaysia ETF in the third quarter worth about $202,000. Trek Financial LLC bought a new stake in shares of iShares MSCI Malaysia ETF in the 2nd quarter worth $203,000. Finally, Innealta Capital LLC bought a new position in iShares MSCI Malaysia ETF during the 2nd quarter valued at about $205,000. 86.75% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Malaysia ETF Company Profile

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.