iShares MSCI Italy ETF (NYSEARCA:EWI) Share Price Pass Below Fifty Day Moving Average – Here’s Why

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 Performance

The company has a market capitalization of $413.32 million, a price-to-earnings ratio of 10.55 and a beta of 0.87. The business’s 50 day moving average is $36.64 and its 200 day moving average is $37.28.

Hedge Funds Weigh In On iShares MSCI Italy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. HITE Hedge Asset Management LLC purchased a new position in shares of iShares MSCI Italy ETF during the 2nd quarter valued at about $9,594,000. CacheTech Inc. grew 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 worth $8,705,000 after acquiring an additional 17,930 shares during the period. Flow Traders U.S. LLC purchased a new position in iShares MSCI Italy ETF during the third quarter valued at approximately $7,463,000. Onyx Bridge Wealth Group LLC lifted its holdings in 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 acquiring an additional 10,167 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in iShares MSCI Italy ETF by 0.6% in the 3rd 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.