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

Shares of iShares MSCI Italy ETF (NYSEARCA:EWI) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $60.56 and traded as high as $63.47. iShares MSCI Italy ETF shares last traded at $63.18, with a volume of 517,919 shares traded.

iShares MSCI Italy ETF Stock Up 0.1%

The company has a market cap of $1.07 billion, a PE ratio of 12.30 and a beta of 0.87. The stock’s 50 day simple moving average is $60.56 and its two-hundred day simple moving average is $57.76.

Institutional Trading of iShares MSCI Italy ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its position in shares of iShares MSCI Italy ETF by 24.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 710,888 shares of the exchange traded fund’s stock worth $34,227,000 after buying an additional 139,088 shares during the period. Parkway Wealth Management Group LLC boosted its holdings in iShares MSCI Italy ETF by 1.5% in the first quarter. Parkway Wealth Management Group LLC now owns 622,607 shares of the exchange traded fund’s stock valued at $35,507,000 after acquiring an additional 9,250 shares during the last quarter. Schroder Investment Management Group grew its position in iShares MSCI Italy ETF by 21.5% during the fourth quarter. Schroder Investment Management Group now owns 499,500 shares of the exchange traded fund’s stock valued at $27,268,000 after acquiring an additional 88,500 shares during the period. UBS Group AG grew its position in iShares MSCI Italy ETF by 45.3% during the fourth quarter. UBS Group AG now owns 289,258 shares of the exchange traded fund’s stock valued at $15,715,000 after acquiring an additional 90,221 shares during the period. Finally, LPL Financial LLC grew its position in iShares MSCI Italy ETF by 9.0% during the fourth quarter. LPL Financial LLC now owns 244,532 shares of the exchange traded fund’s stock valued at $13,285,000 after acquiring an additional 20,249 shares during the period. 37.96% of the stock is currently owned by institutional investors and hedge funds.

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. 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.