iShares MSCI Sweden ETF (NYSEARCA:EWD) Trading 0.9% Higher – Time to Buy?

Posted by Stacy Sanders on Jan 16th, 2025

iShares MSCI Sweden ETF (NYSEARCA:EWD – Get Free Report) shot up 0.9% during mid-day trading on Tuesday . The stock traded as high as $37.69 and last traded at $37.63. 93,246 shares were traded during trading, a decline of 53% from the average session volume of 197,768 shares. The stock had previously closed at $37.28.

iShares MSCI Sweden ETF Stock Up 0.7 %

The firm’s fifty day moving average is $38.37 and its 200 day moving average is $39.99.

Institutional Investors Weigh In On iShares MSCI Sweden ETF

Several hedge funds have recently modified their holdings of EWD. Rhumbline Advisers raised its holdings in iShares MSCI Sweden ETF by 5.9% in the 2nd quarter. Rhumbline Advisers now owns 45,110 shares of the company’s stock valued at $1,816,000 after acquiring an additional 2,510 shares in the last quarter. Renaissance Technologies LLC grew its stake in iShares MSCI Sweden ETF by 60.5% during the second quarter. Renaissance Technologies LLC now owns 12,200 shares of the company’s stock worth $491,000 after buying an additional 4,600 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of iShares MSCI Sweden ETF by 17,158.4% during the second quarter. Hsbc Holdings PLC now owns 1,963,316 shares of the company’s stock worth $79,023,000 after buying an additional 1,951,940 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in shares of iShares MSCI Sweden ETF in the second quarter valued at approximately $37,000. Finally, DRW Securities LLC bought a new position in shares of iShares MSCI Sweden ETF in the second quarter valued at approximately $2,067,000. 49.63% of the stock is owned by institutional investors.