iShares MSCI Switzerland ETF (NYSEARCA:EWL) Shares Pass Above 50-Day Moving Average – Here’s What Happened

iShares MSCI Switzerland ETF (NYSEARCA:EWL)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $58.98 and traded as high as $60.51. iShares MSCI Switzerland ETF shares last traded at $60.49, with a volume of 735,457 shares traded.

iShares MSCI Switzerland ETF Trading Up 0.5%

The business’s 50-day simple moving average is $58.98 and its 200-day simple moving average is $56.60. The company has a market capitalization of $1.63 billion, a PE ratio of 21.82 and a beta of 0.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EWL. Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares MSCI Switzerland ETF by 2.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,700 shares of the exchange traded fund’s stock valued at $406,000 after buying an additional 173 shares during the period. Allworth Financial LP raised its stake in shares of iShares MSCI Switzerland ETF by 13.8% in the 3rd quarter. Allworth Financial LP now owns 1,510 shares of the exchange traded fund’s stock valued at $83,000 after acquiring an additional 183 shares during the period. J. Safra Sarasin Holding AG lifted its holdings in shares of iShares MSCI Switzerland ETF by 4.2% in the 4th quarter. J. Safra Sarasin Holding AG now owns 4,705 shares of the exchange traded fund’s stock worth $283,000 after acquiring an additional 190 shares during the last quarter. Boltwood Capital Management lifted its holdings in shares of iShares MSCI Switzerland ETF by 3.4% in the 4th quarter. Boltwood Capital Management now owns 6,075 shares of the exchange traded fund’s stock worth $364,000 after acquiring an additional 200 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of iShares MSCI Switzerland ETF by 2.0% during the 3rd quarter. Raymond James Financial Inc. now owns 11,424 shares of the exchange traded fund’s stock worth $631,000 after purchasing an additional 227 shares during the period. 68.30% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Switzerland ETF Company Profile

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The 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 Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.