iShares MSCI Italy ETF (NYSEARCA:EWI) Stock Price Pass Below 50-Day Moving Average – Should You Sell?

iShares MSCI Italy ETF (NYSEARCA:EWI)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $36.64 and traded as low as $36.39. iShares MSCI Italy ETF shares last traded at $36.48, with a volume of 363,419 shares traded.

iShares MSCI Italy ETF Stock Up 0.4 %

The business’s 50-day simple moving average is $36.64 and its two-hundred day simple moving average is $37.28. The firm has a market cap of $413.32 million, a price-to-earnings ratio of 10.55 and a beta of 0.87.

Institutional Trading of iShares MSCI Italy ETF

A number of institutional investors and hedge funds have recently made changes to their positions in EWI. HITE Hedge Asset Management LLC purchased a new position in shares of iShares MSCI Italy ETF during the 2nd quarter valued at approximately $9,594,000. CacheTech Inc. lifted its holdings in iShares MSCI Italy ETF by 8.7% during the third quarter. CacheTech Inc. now owns 223,427 shares of the exchange traded fund’s stock valued at $8,705,000 after purchasing an additional 17,930 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in iShares MSCI Italy ETF during the third quarter valued at $7,463,000. Onyx Bridge Wealth Group LLC grew its position in shares of iShares MSCI Italy ETF by 6.4% in the third quarter. Onyx Bridge Wealth Group LLC now owns 170,111 shares of the exchange traded fund’s stock valued at $6,628,000 after purchasing an additional 10,167 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of iShares MSCI Italy ETF by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 149,475 shares of the exchange traded fund’s stock worth $5,824,000 after purchasing an additional 856 shares in the last quarter.

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.