iShares MSCI Australia ETF (NYSEARCA:EWA) Stock Price Pass Above Two Hundred Day Moving Average – Should You Sell?

iShares MSCI Australia ETF (NYSEARCA:EWA)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.84 and traded as high as $26.52. iShares MSCI Australia ETF shares last traded at $26.46, with a volume of 3,246,100 shares traded.

iShares MSCI Australia ETF Stock Performance

The stock has a 50-day moving average price of $25.51 and a 200 day moving average price of $24.84.

Hedge Funds Weigh In On iShares MSCI Australia ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of iShares MSCI Australia ETF during the third quarter worth about $363,000. Creative Planning boosted its holdings in iShares MSCI Australia ETF by 28.7% in the second quarter. Creative Planning now owns 42,870 shares of the exchange traded fund’s stock valued at $1,047,000 after purchasing an additional 9,561 shares in the last quarter. Logan Stone Capital LLC acquired a new position in iShares MSCI Australia ETF in the second quarter valued at approximately $660,000. Hsbc Holdings PLC boosted its holdings in iShares MSCI Australia ETF by 3.2% in the second quarter. Hsbc Holdings PLC now owns 368,370 shares of the exchange traded fund’s stock valued at $8,999,000 after purchasing an additional 11,436 shares in the last quarter. Finally, Idaho Trust Bank acquired a new position in iShares MSCI Australia ETF in the second quarter valued at approximately $1,083,000. 59.69% of the stock is owned by institutional investors and hedge funds.

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).