iShares MSCI Water Management Multisector ETF (NASDAQ:IWTR) Share Price Pass Above 50-Day Moving Average – Should You Sell?

iShares MSCI Water Management Multisector ETF (NASDAQ:IWTR)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $31.72 and traded as high as $31.82. iShares MSCI Water Management Multisector ETF shares last traded at $31.82, with a volume of 15 shares changing hands.

iShares MSCI Water Management Multisector ETF Trading Up 0.7 %

The company’s 50-day moving average price is $31.70 and its two-hundred day moving average price is $31.28. The company has a market cap of $6.32 million, a P/E ratio of 21.65 and a beta of -0.84.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares MSCI Water Management Multisector ETF stock. Flow Traders U.S. LLC acquired a new position in shares of iShares MSCI Water Management Multisector ETF (NASDAQ:IWTR) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 46,922 shares of the company’s stock, valued at approximately $1,505,000. Flow Traders U.S. LLC owned approximately 23.46% of iShares MSCI Water Management Multisector ETF as of its most recent SEC filing.

About iShares MSCI Water Management Multisector ETF

The iShares MSCI Water Management Multisector ETF (IWTR) is an exchange-traded fund that is based on the MSCI USA Extended ESG Focus index. The fund tracks a tier-weighted index of global companies that derive revenue from sustainable water or demonstrate relatively efficient water management. IWTR was launched on Sep 20, 2022 and is managed by BlackRock.