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

iShares MSCI Italy ETF (NYSEARCA:EWI) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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.

iShares MSCI Italy ETF Price Performance

The stock has a 50-day moving average price of $55.37 and a 200 day moving average price of $54.69. The firm has a market cap of $676.29 million, a price-to-earnings ratio of 12.30 and a beta of 0.88.

Institutional Trading of iShares MSCI Italy ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EWI. DV Equities LLC acquired a new stake in shares of iShares MSCI Italy ETF during the fourth quarter worth about $27,000. Caitlin John LLC acquired a new stake in shares of iShares MSCI Italy ETF during the third quarter worth about $28,000. Biltmore Family Office LLC acquired a new stake in shares of iShares MSCI Italy ETF during the fourth quarter worth about $28,000. Strategic Advocates LLC increased its position in shares of iShares MSCI Italy ETF by 94.9% during the fourth quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 336 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of iShares MSCI Italy ETF during the first quarter worth about $39,000. Institutional investors and hedge funds own 37.96% of the company’s stock.

About iShares MSCI Italy ETF

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.