iShares MSCI BIC ETF (NYSEARCA:BKF) Stock Price Cross Below 50-Day Moving Average – What’s Next?

iShares MSCI BIC ETF (NYSEARCA:BKF) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $39.01 and traded as low as $38.48. iShares MSCI BIC ETF shares last traded at $38.72, with a volume of 7,015 shares changing hands.

iShares MSCI BIC ETF Stock Down 0.6 %

The business has a fifty day moving average of $38.94 and a 200 day moving average of $37.37. The company has a market cap of $78.56 million, a P/E ratio of 12.18 and a beta of 0.78.

Institutional Investors Weigh In On iShares MSCI BIC ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKF. Jane Street Group LLC lifted its holdings in shares of iShares MSCI BIC ETF by 29.7% during the third quarter. Jane Street Group LLC now owns 36,544 shares of the company’s stock valued at $1,478,000 after purchasing an additional 8,366 shares during the last quarter. Flow Traders U.S. LLC raised its stake in iShares MSCI BIC ETF by 10.5% during the third quarter. Flow Traders U.S. LLC now owns 57,265 shares of the company’s stock valued at $2,317,000 after buying an additional 5,463 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in iShares MSCI BIC ETF in the third quarter worth $202,000.

About iShares MSCI BIC ETF

iShares MSCI BRIC ETF (the Fund), formerly iShares MSCI BRIC Index Fund, is an exchange-traded fund (ETF). The Fund is an exchange-traded fund that seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI BRIC Index (the Index).