iShares MSCI Denmark ETF (BATS:EDEN) Stock Price Cross Below 200-Day Moving Average – Here’s Why

iShares MSCI Denmark ETF (BATS:EDEN) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of €113.75 ($123.64) and traded as low as €105.16 ($114.30). iShares MSCI Denmark ETF shares last traded at €105.17 ($114.32), with a volume of 3,121 shares changing hands.

iShares MSCI Denmark ETF Stock Down 1.2 %

The business has a 50-day moving average price of €108.43 and a two-hundred day moving average price of €113.75. The company has a market cap of $212.93 million, a P/E ratio of 16.29 and a beta of 0.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc grew its holdings in iShares MSCI Denmark ETF by 59.9% during the fourth quarter. IFP Advisors Inc now owns 555 shares of the company’s stock valued at $59,000 after purchasing an additional 208 shares during the period. JTC Employer Solutions Trustee Ltd acquired a new position in shares of iShares MSCI Denmark ETF in the 4th quarter valued at $108,000. EP Wealth Advisors LLC acquired a new position in shares of iShares MSCI Denmark ETF in the 3rd quarter valued at $310,000. Bank of America Corp DE increased its position in shares of iShares MSCI Denmark ETF by 31,033.3% in the 4th quarter. Bank of America Corp DE now owns 3,736 shares of the company’s stock valued at $397,000 after buying an additional 3,724 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in iShares MSCI Denmark ETF by 25.9% during the 3rd quarter. MML Investors Services LLC now owns 4,798 shares of the company’s stock worth $609,000 after buying an additional 988 shares during the period.

About iShares MSCI Denmark ETF

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.