iShares MSCI Malaysia ETF (NYSEARCA:EWM) Stock Price Cross Above 200 Day Moving Average – What’s Next?

iShares MSCI Malaysia ETF (NYSEARCA:EWM)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.37 and traded as high as $27.64. iShares MSCI Malaysia ETF shares last traded at $27.64, with a volume of 73,686 shares changing hands.

iShares MSCI Malaysia ETF Stock Down 0.2%

The business’s 50 day moving average is $26.47 and its 200-day moving average is $25.38. The firm has a market capitalization of $275.85 million, a P/E ratio of 14.29 and a beta of 0.55.

Institutional Trading of iShares MSCI Malaysia ETF

Institutional investors have recently added to or reduced their stakes in the business. UBS Group AG raised its stake in shares of iShares MSCI Malaysia ETF by 175.8% in the third quarter. UBS Group AG now owns 707,500 shares of the exchange traded fund’s stock worth $18,338,000 after purchasing an additional 451,008 shares during the last quarter. Breakout Capital Partners LP boosted its position in shares of iShares MSCI Malaysia ETF by 52.3% during the third quarter. Breakout Capital Partners LP now owns 783,676 shares of the exchange traded fund’s stock valued at $20,313,000 after buying an additional 269,200 shares during the last quarter. Cairn Investment Group Inc. bought a new stake in iShares MSCI Malaysia ETF in the 3rd quarter worth about $6,817,000. Citigroup Inc. raised its position in iShares MSCI Malaysia ETF by 164.8% in the 3rd quarter. Citigroup Inc. now owns 418,120 shares of the exchange traded fund’s stock worth $10,838,000 after buying an additional 260,199 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in iShares MSCI Malaysia ETF by 118.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 377,851 shares of the exchange traded fund’s stock worth $9,794,000 after buying an additional 204,553 shares during the last quarter. 86.75% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Malaysia ETF Company Profile

iShares MSCI Malaysia ETF, formerly iShares MSCI Malaysia Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Malaysian market, as measured by the MSCI Malaysia Index (the Index). The Index seeks to measure the performance of the Malaysian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.