iShares MSCI Italy ETF (NYSEARCA:EWI) Stock Pass Above 50 Day Moving Average – What’s Next?

Shares of iShares MSCI Italy ETF (NYSEARCA:EWI) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $37.37 and traded as high as $40.27. iShares MSCI Italy ETF shares last traded at $40.22, with a volume of 713,160 shares changing hands.

iShares MSCI Italy ETF Price Performance

The stock has a market cap of $459.88 million, a price-to-earnings ratio of 10.55 and a beta of 0.87. The firm has a fifty day moving average of $37.47 and a 200 day moving average of $37.52.

Institutional Investors Weigh In On iShares MSCI Italy ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MML Investors Services LLC boosted its position in shares of iShares MSCI Italy ETF by 4.1% during the fourth quarter. MML Investors Services LLC now owns 46,078 shares of the exchange traded fund’s stock worth $1,657,000 after buying an additional 1,813 shares during the period. Adams Wealth Management boosted its position in shares of iShares MSCI Italy ETF by 21.0% during the fourth quarter. Adams Wealth Management now owns 270,429 shares of the exchange traded fund’s stock worth $9,727,000 after buying an additional 47,002 shares during the period. Mariner LLC purchased a new position in shares of iShares MSCI Italy ETF during the fourth quarter worth $521,000. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI Italy ETF during the fourth quarter worth $203,000. Finally, Sepio Capital LP boosted its position in shares of iShares MSCI Italy ETF by 1.2% during the fourth quarter. Sepio Capital LP now owns 54,136 shares of the exchange traded fund’s stock worth $1,947,000 after buying an additional 661 shares during the period.

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.