iShares MSCI Austria ETF (NYSEARCA:EWO) Stock Cross Above Two Hundred Day Moving Average – Here’s What Happened

iShares MSCI Austria ETF (NYSEARCA:EWO)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $40.24 and traded as high as $41.07. iShares MSCI Austria ETF shares last traded at $40.86, with a volume of 28,838 shares traded.

iShares MSCI Austria ETF Stock Up 3.4%

The company has a market cap of $177.74 million, a price-to-earnings ratio of 11.04 and a beta of 0.85. The business has a 50-day simple moving average of $42.09 and a two-hundred day simple moving average of $40.24.

Hedge Funds Weigh In On iShares MSCI Austria ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EWO. EverSource Wealth Advisors LLC raised its holdings in iShares MSCI Austria ETF by 425.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,071 shares of the company’s stock worth $38,000 after acquiring an additional 867 shares during the period. Royal Bank of Canada grew its position in shares of iShares MSCI Austria ETF by 59.1% in the first quarter. Royal Bank of Canada now owns 2,288 shares of the company’s stock valued at $82,000 after purchasing an additional 850 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of iShares MSCI Austria ETF in the third quarter worth about $212,000. Roan Capital Partners bought a new position in shares of iShares MSCI Austria ETF in the second quarter worth about $304,000. Finally, Trust Co. of Oklahoma acquired a new position in shares of iShares MSCI Austria ETF during the 3rd quarter worth about $401,000.

iShares MSCI Austria ETF Company Profile

iShares MSCI Austria Capped ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the MSCI Austria IMI 25/50 Index (the Underlying Index). The Underlying Index consists of stocks traded on the Vienna 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.