iShares MSCI Italy ETF (NYSEARCA:EWI) Stock Price Cross Above 50 Day Moving Average – Should You Sell?

iShares MSCI Italy ETF (NYSEARCA:EWI)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $38.32 and traded as high as $38.75. iShares MSCI Italy ETF shares last traded at $38.71, with a volume of 452,422 shares trading hands.

iShares MSCI Italy ETF Trading Up 1.1 %

The stock has a market capitalization of $438.58 million, a PE ratio of 10.55 and a beta of 0.87. The business’s 50-day moving average is $38.32 and its two-hundred day moving average is $37.57.

Hedge Funds Weigh In On iShares MSCI Italy ETF

A number of institutional investors and hedge funds have recently bought and sold shares of EWI. Jane Street Group LLC increased its position in shares of iShares MSCI Italy ETF by 273.3% during the first quarter. Jane Street Group LLC now owns 633,020 shares of the exchange traded fund’s stock worth $23,878,000 after acquiring an additional 463,460 shares during the last quarter. Flow Traders U.S. LLC raised its position in shares of iShares MSCI Italy ETF by 7,557.6% in the 1st quarter. Flow Traders U.S. LLC now owns 453,486 shares of the exchange traded fund’s stock valued at $17,105,000 after purchasing an additional 447,564 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new position in shares of iShares MSCI Italy ETF during the 2nd quarter valued at approximately $9,594,000. CacheTech Inc. grew its position in shares of iShares MSCI Italy ETF by 8.7% during the third quarter. CacheTech Inc. now owns 223,427 shares of the exchange traded fund’s stock worth $8,705,000 after buying an additional 17,930 shares in the last quarter. Finally, Adams Wealth Management bought a new stake in shares of iShares MSCI Italy ETF in the first quarter worth $7,522,000.

iShares MSCI Italy ETF Company Profile

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped 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 Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan Stock Exchange.