iShares MSCI Denmark ETF (BATS:EDEN) Stock Pass Below Two Hundred Day Moving Average – Here’s What Happened

Shares of iShares MSCI Denmark ETF (BATS:EDEN) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €117.08 ($121.96) and traded as low as €109.12 ($113.67). iShares MSCI Denmark ETF shares last traded at €109.83 ($114.40), with a volume of 3,861 shares traded.

iShares MSCI Denmark ETF Price Performance

The company has a market cap of $265.12 million, a PE ratio of 13.77 and a beta of 0.79. The company’s 50 day simple moving average is €106.97 and its two-hundred day simple moving average is €117.08.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc boosted its stake in iShares MSCI Denmark ETF by 59.9% during the fourth quarter. IFP Advisors Inc now owns 555 shares of the company’s stock worth $59,000 after buying an additional 208 shares during the period. JTC Employer Solutions Trustee Ltd purchased a new position in shares of iShares MSCI Denmark ETF in the fourth quarter valued at approximately $108,000. EP Wealth Advisors LLC purchased a new position in shares of iShares MSCI Denmark ETF in the third quarter valued at approximately $310,000. Bank of America Corp DE boosted its stake in shares of iShares MSCI Denmark ETF by 31,033.3% in the fourth quarter. Bank of America Corp DE now owns 3,736 shares of the company’s stock valued at $397,000 after purchasing an additional 3,724 shares during the period. Finally, MML Investors Services LLC boosted its stake in shares of iShares MSCI Denmark ETF by 25.9% in the third quarter. MML Investors Services LLC now owns 4,798 shares of the company’s stock valued at $609,000 after purchasing an additional 988 shares during the period.

About iShares MSCI Denmark ETF

The iShares MSCI Denmark ETF (EDEN) is an exchange-traded fund that is based on the MSCI Denmark IMI 25\u002F50 index, a market-cap-weighted index of Danish stocks. EDEN was launched on Jan 25, 2012 and is managed by BlackRock.