iShares MSCI Italy ETF (NYSEARCA:EWI) Share Price Pass Above Fifty Day Moving Average – Should You Sell?

iShares MSCI Italy ETF (NYSEARCA:EWI)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $36.47 and traded as high as $37.29. iShares MSCI Italy ETF shares last traded at $37.25, with a volume of 303,165 shares.

iShares MSCI Italy ETF Stock Up 1.6 %

The firm’s fifty day simple moving average is $36.47 and its 200-day simple moving average is $37.29. The firm has a market capitalization of $422.04 million, a PE ratio of 10.55 and a beta of 0.87.

Hedge Funds Weigh In On iShares MSCI Italy ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its stake in iShares MSCI Italy ETF by 47.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 19,095 shares of the exchange traded fund’s stock valued at $744,000 after acquiring an additional 6,180 shares during the period. Stifel Financial Corp raised its holdings in shares of iShares MSCI Italy ETF by 14.2% during the third quarter. Stifel Financial Corp now owns 6,609 shares of the exchange traded fund’s stock valued at $257,000 after purchasing an additional 824 shares during the last quarter. Bank of New York Mellon Corp lifted its position in iShares MSCI Italy ETF by 25.5% during the second quarter. Bank of New York Mellon Corp now owns 8,672 shares of the exchange traded fund’s stock valued at $311,000 after purchasing an additional 1,761 shares during the period. HITE Hedge Asset Management LLC purchased a new stake in iShares MSCI Italy ETF in the second quarter worth approximately $9,594,000. Finally, Pathstone Holdings LLC grew its position in iShares MSCI Italy ETF by 47.5% in the 3rd quarter. Pathstone Holdings LLC now owns 54,879 shares of the exchange traded fund’s stock worth $2,138,000 after purchasing an additional 17,661 shares during the period.

About iShares MSCI Italy ETF

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.