iShares MSCI Italy ETF (NYSEARCA:EWI) Stock Cross Below 50 Day Moving Average – Here’s What Happened

iShares MSCI Italy ETF (NYSEARCA:EWI)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $38.24 and traded as low as $37.16. iShares MSCI Italy ETF shares last traded at $37.18, with a volume of 189,857 shares changing hands.

iShares MSCI Italy ETF Trading Up 0.4 %

The stock has a market capitalization of $421.25 million, a P/E ratio of 10.55 and a beta of 0.87. The company’s 50-day moving average is $38.24 and its two-hundred day moving average is $37.68.

Institutional Trading of iShares MSCI Italy ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EWI. Jane Street Group LLC raised its position in shares of iShares MSCI Italy ETF by 273.3% during the 1st quarter. Jane Street Group LLC now owns 633,020 shares of the exchange traded fund’s stock worth $23,878,000 after buying an additional 463,460 shares in the last quarter. Flow Traders U.S. LLC grew its stake 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 worth $17,105,000 after purchasing an additional 447,564 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new position in shares of iShares MSCI Italy ETF in the 2nd quarter worth approximately $9,594,000. Adams Wealth Management acquired a new position in shares of iShares MSCI Italy ETF in the 1st quarter worth approximately $7,522,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of iShares MSCI Italy ETF in the 2nd quarter worth approximately $5,023,000.

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.