iShares MSCI Switzerland ETF (NYSEARCA:EWL) Shares Pass Above 50-Day Moving Average – Time to Sell?

iShares MSCI Switzerland ETF (NYSEARCA:EWL)’s stock price crossed 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 Stock Up 0.5%

The firm has a 50-day moving average price of $58.98 and a 200 day moving average price of $56.60. The firm has a market capitalization of $1.63 billion, a PE ratio of 21.82 and a beta of 0.81.

Institutional Trading of iShares MSCI Switzerland ETF

Several hedge funds have recently made changes to their positions in the business. ABC Arbitrage SA purchased a new stake in iShares MSCI Switzerland ETF during the 2nd quarter worth about $635,000. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of iShares MSCI Switzerland ETF by 6.7% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 168,171 shares of the exchange traded fund’s stock valued at $9,217,000 after buying an additional 10,628 shares during the period. Apollon Wealth Management LLC acquired a new position in shares of iShares MSCI Switzerland ETF during the third quarter worth about $521,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of iShares MSCI Switzerland ETF by 4.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,695 shares of the exchange traded fund’s stock worth $422,000 after buying an additional 341 shares during the period. Finally, Creative Planning raised its holdings in iShares MSCI Switzerland ETF by 6.9% in the second quarter. Creative Planning now owns 45,624 shares of the exchange traded fund’s stock valued at $2,501,000 after acquiring an additional 2,953 shares in the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

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.