iShares MSCI Netherlands ETF (NYSEARCA:EWN) Shares Pass Above 50 Day Moving Average – What’s Next?

iShares MSCI Netherlands ETF (NYSEARCA:EWN)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $67.52 and traded as high as $68.44. iShares MSCI Netherlands ETF shares last traded at $67.75, with a volume of 120,061 shares changing hands.

iShares MSCI Netherlands ETF Stock Performance

The company’s 50-day moving average is $67.52 and its 200-day moving average is $63.26. The firm has a market cap of $518.29 million, a price-to-earnings ratio of 19.71 and a beta of 1.13.

Hedge Funds Weigh In On iShares MSCI Netherlands ETF

Large investors have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in shares of iShares MSCI Netherlands ETF by 47.2% during the first quarter. Royal Bank of Canada now owns 15,933 shares of the exchange traded fund’s stock valued at $746,000 after purchasing an additional 5,106 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in iShares MSCI Netherlands ETF by 20.9% during the 2nd quarter. Cresset Asset Management LLC now owns 7,644 shares of the exchange traded fund’s stock worth $417,000 after buying an additional 1,322 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in iShares MSCI Netherlands ETF during the 2nd quarter worth $575,000. Raymond James Financial Inc. bought a new position in iShares MSCI Netherlands ETF in the 2nd quarter valued at $143,000. Finally, UBS Group AG boosted its position in iShares MSCI Netherlands ETF by 14.1% in the 3rd quarter. UBS Group AG now owns 35,201 shares of the exchange traded fund’s stock valued at $2,042,000 after buying an additional 4,342 shares during the last quarter.

About iShares MSCI Netherlands ETF

iShares MSCI Netherlands ETF, formerly iShares MSCI Netherlands Investable Market 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 Netherlands Investable Market Index (the Index). The Index consists of stocks traded primarily on the Amsterdam Stock Exchange. Components primarily include consumer staples, financial and industrials companies. The Fund invests in a particular segment of the securities markets and seeks to track the performance of a securities index that generally is not representative of the market as a whole.