iShares MSCI Italy ETF (NYSEARCA:EWI) Stock Cross Above Fifty Day Moving Average – What’s Next?

Shares of iShares MSCI Italy ETF (NYSEARCA:EWI) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $55.37 and traded as high as $58.97. iShares MSCI Italy ETF shares last traded at $58.91, with a volume of 582,021 shares changing hands.

iShares MSCI Italy ETF Stock Down 2.1%

The firm has a market capitalization of $661.94 million, a PE ratio of 12.30 and a beta of 0.88. The company’s 50-day simple moving average is $55.53 and its 200 day simple moving average is $54.77.

Hedge Funds Weigh In On iShares MSCI Italy ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hilltop Partners LLC raised its position in shares of iShares MSCI Italy ETF by 2.9% in the 4th quarter. Hilltop Partners LLC now owns 7,029 shares of the exchange traded fund’s stock valued at $382,000 after purchasing an additional 197 shares during the last quarter. Cobblestone Asset Management LLC raised its position in shares of iShares MSCI Italy ETF by 2.5% in the 4th quarter. Cobblestone Asset Management LLC now owns 12,698 shares of the exchange traded fund’s stock valued at $690,000 after purchasing an additional 315 shares during the last quarter. Strategic Advocates LLC raised its position in shares of iShares MSCI Italy ETF by 94.9% in the 4th quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 336 shares during the last quarter. Arlington Capital Management Inc. raised its position in shares of iShares MSCI Italy ETF by 0.6% in the 4th quarter. Arlington Capital Management Inc. now owns 60,524 shares of the exchange traded fund’s stock valued at $3,288,000 after purchasing an additional 360 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of iShares MSCI Italy ETF by 41.4% in the 2nd quarter. NewEdge Advisors LLC now owns 1,367 shares of the exchange traded fund’s stock valued at $66,000 after purchasing an additional 400 shares during the last quarter. 37.96% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Italy ETF Company Profile

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. The Underlying Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.