iShares MSCI Australia ETF (NYSEARCA:EWA) Shares Pass Above 200-Day Moving Average – Should You Sell?

iShares MSCI Australia ETF (NYSEARCA:EWA)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.57 and traded as high as $26.76. iShares MSCI Australia ETF shares last traded at $26.70, with a volume of 5,337,534 shares traded.

iShares MSCI Australia ETF Stock Performance

The stock has a fifty day moving average price of $26.17 and a 200-day moving average price of $26.57. The firm has a market cap of $1.28 billion, a PE ratio of 19.89 and a beta of 1.04.

Hedge Funds Weigh In On iShares MSCI Australia ETF

Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its position in iShares MSCI Australia ETF by 2.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,538,390 shares of the exchange traded fund’s stock worth $68,537,000 after purchasing an additional 55,900 shares during the period. Cadinha & Co. LLC purchased a new position in iShares MSCI Australia ETF in the third quarter valued at about $25,349,000. Vontobel Holding Ltd. lifted its stake in shares of iShares MSCI Australia ETF by 4.7% during the third quarter. Vontobel Holding Ltd. now owns 914,130 shares of the exchange traded fund’s stock worth $24,682,000 after purchasing an additional 41,274 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of iShares MSCI Australia ETF by 3,134.0% in the second quarter. Raymond James Financial Inc. now owns 778,558 shares of the exchange traded fund’s stock worth $20,492,000 after buying an additional 754,484 shares during the period. Finally, Fisher Asset Management LLC grew its stake in shares of iShares MSCI Australia ETF by 340.5% in the third quarter. Fisher Asset Management LLC now owns 570,604 shares of the exchange traded fund’s stock valued at $15,406,000 after buying an additional 441,077 shares in the last quarter. Hedge funds and other institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.