iShares MSCI Italy ETF (NYSEARCA:EWI) Shares Pass Above 50-Day Moving Average – Here’s What Happened

iShares MSCI Italy ETF (NYSEARCA:EWI)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $53.75 and traded as high as $54.60. iShares MSCI Italy ETF shares last traded at $54.44, with a volume of 462,332 shares traded.

iShares MSCI Italy ETF Trading Up 0.8%

The firm’s 50 day moving average price is $53.75 and its 200-day moving average price is $51.79. The company has a market cap of $702.28 million, a P/E ratio of 12.30 and a beta of 1.01.

Institutional Trading of iShares MSCI Italy ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Nilsine Partners LLC lifted its stake in shares of iShares MSCI Italy ETF by 0.7% in the 4th quarter. Nilsine Partners LLC now owns 64,085 shares of the exchange traded fund’s stock valued at $3,482,000 after purchasing an additional 477 shares during the period. Cobblestone Asset Management LLC increased its holdings in iShares MSCI Italy ETF by 2.5% in the fourth quarter. Cobblestone Asset Management LLC now owns 12,698 shares of the exchange traded fund’s stock valued at $690,000 after purchasing an additional 315 shares during the last quarter. Fluent Financial LLC acquired a new position in iShares MSCI Italy ETF in the fourth quarter valued at about $1,721,000. BFI Infinity Ltd. boosted its holdings in iShares MSCI Italy ETF by 200.0% during the fourth quarter. BFI Infinity Ltd. now owns 3,904 shares of the exchange traded fund’s stock worth $212,000 after buying an additional 7,808 shares during the last quarter. Finally, Arlington Capital Management Inc. boosted its holdings in iShares MSCI Italy ETF by 0.6% during the fourth quarter. Arlington Capital Management Inc. now owns 60,524 shares of the exchange traded fund’s stock worth $3,288,000 after buying an additional 360 shares during the last quarter. Institutional investors own 37.96% of the company’s stock.

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. The Underlying Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.