iShares MSCI Denmark ETF (BATS:EDEN) Stock Cross Below Two Hundred Day Moving Average – Here’s Why

iShares MSCI Denmark ETF (BATS:EDEN) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of €120.29 ($125.30) and traded as low as €103.11 ($107.40). iShares MSCI Denmark ETF shares last traded at €103.21 ($107.51), with a volume of 4,827 shares traded.

iShares MSCI Denmark ETF Trading Down 1.3 %

The company’s fifty day moving average price is €110.61 and its two-hundred day moving average price is €120.29. The firm has a market cap of $247.69 million, a P/E ratio of 13.77 and a beta of 0.79.

Hedge Funds Weigh In On iShares MSCI Denmark ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EDEN. JTC Employer Solutions Trustee Ltd bought a new position in iShares MSCI Denmark ETF during the fourth quarter worth $108,000. EP Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Denmark ETF during the third quarter worth $310,000. MML Investors Services LLC lifted its holdings in shares of iShares MSCI Denmark ETF by 25.9% during the third quarter. MML Investors Services LLC now owns 4,798 shares of the company’s stock worth $609,000 after buying an additional 988 shares in the last quarter. Legacy Capital Group California Inc. lifted its holdings in shares of iShares MSCI Denmark ETF by 1.9% during the third quarter. Legacy Capital Group California Inc. now owns 6,692 shares of the company’s stock worth $850,000 after buying an additional 127 shares in the last quarter. Finally, Contravisory Investment Management Inc. lifted its holdings in shares of iShares MSCI Denmark ETF by 1.9% during the third quarter. Contravisory Investment Management Inc. now owns 6,762 shares of the company’s stock worth $859,000 after buying an additional 127 shares in the last quarter.

iShares MSCI Denmark ETF Company Profile

The iShares MSCI Denmark ETF (EDEN) is an exchange-traded fund that is based on the MSCI Denmark IMI 25\u002F50 index, a market-cap-weighted index of Danish stocks. EDEN was launched on Jan 25, 2012 and is managed by BlackRock.