iShares MSCI Malaysia ETF (NYSEARCA:EWM) Stock Price Cross Above 200 Day Moving Average – Here’s What Happened

iShares MSCI Malaysia ETF (NYSEARCA:EWM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.69 and traded as high as $30.14. iShares MSCI Malaysia ETF shares last traded at $30.13, with a volume of 771,629 shares.

iShares MSCI Malaysia ETF Price Performance

The stock has a market cap of $370.60 million, a P/E ratio of 14.29 and a beta of 0.55. The business’s fifty day moving average price is $28.45 and its 200 day moving average price is $26.69.

Hedge Funds Weigh In On iShares MSCI Malaysia ETF

Hedge funds have recently modified their holdings of the business. Jessup Wealth Management Inc bought a new stake in shares of iShares MSCI Malaysia ETF in the 4th quarter valued at about $72,000. BOCHK Asset Management Ltd raised its position in shares of iShares MSCI Malaysia ETF by 250.0% during the fourth quarter. BOCHK Asset Management Ltd now owns 2,800 shares of the exchange traded fund’s stock worth $77,000 after acquiring an additional 2,000 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of iShares MSCI Malaysia ETF in the second quarter worth approximately $84,000. AlphaCentric Advisors LLC bought a new stake in iShares MSCI Malaysia ETF in the fourth quarter valued at approximately $152,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in iShares MSCI Malaysia ETF in the fourth quarter valued at approximately $161,000. Institutional investors and hedge funds own 86.75% of the company’s stock.

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.