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

iShares MSCI Italy ETF (NYSEARCA:EWI)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $36.47 and traded as high as $37.29. iShares MSCI Italy ETF shares last traded at $37.25, with a volume of 303,165 shares.

iShares MSCI Italy ETF Stock Performance

The company’s 50 day simple moving average is $36.47 and its 200-day simple moving average is $37.29. The firm has a market capitalization of $422.04 million, a PE ratio of 10.55 and a beta of 0.87.

Institutional Investors Weigh In On iShares MSCI Italy ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its stake in iShares MSCI Italy ETF by 25.5% in the second quarter. Bank of New York Mellon Corp now owns 8,672 shares of the exchange traded fund’s stock valued at $311,000 after purchasing an additional 1,761 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of iShares MSCI Italy ETF by 7.9% in the 2nd quarter. Rhumbline Advisers now owns 6,180 shares of the exchange traded fund’s stock worth $222,000 after buying an additional 450 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of iShares MSCI Italy ETF by 1.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 148,619 shares of the exchange traded fund’s stock valued at $5,328,000 after buying an additional 2,412 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of iShares MSCI Italy ETF during the 2nd quarter worth $1,704,000. Finally, HITE Hedge Asset Management LLC purchased a new position in iShares MSCI Italy ETF in the second quarter worth $9,594,000.

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.