iShares MSCI Malaysia ETF (NYSEARCA:EWM) Share Price Cross Above Two Hundred Day Moving Average – Here’s Why

iShares MSCI Malaysia ETF (NYSEARCA:EWM)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $26.44 and traded as high as $30.00. iShares MSCI Malaysia ETF shares last traded at $29.71, with a volume of 276,897 shares changing hands.

iShares MSCI Malaysia ETF Stock Up 0.0%

The firm’s 50 day simple moving average is $28.13 and its 200 day simple moving average is $26.48. The company has a market cap of $365.56 million, a price-to-earnings ratio of 14.29 and a beta of 0.55.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. UBS Group AG increased its holdings in shares of iShares MSCI Malaysia ETF by 175.8% during the third quarter. UBS Group AG now owns 707,500 shares of the exchange traded fund’s stock valued at $18,338,000 after purchasing an additional 451,008 shares during the period. Sun Life Financial Inc. bought a new position in iShares MSCI Malaysia ETF in the 4th quarter valued at about $10,320,000. Breakout Capital Partners LP increased its stake in iShares MSCI Malaysia ETF by 52.3% during the 3rd quarter. Breakout Capital Partners LP now owns 783,676 shares of the exchange traded fund’s stock valued at $20,313,000 after buying an additional 269,200 shares during the period. Cairn Investment Group Inc. acquired a new position in iShares MSCI Malaysia ETF during the 3rd quarter valued at about $6,817,000. Finally, Citigroup Inc. raised its position in shares of iShares MSCI Malaysia ETF by 164.8% during the 3rd quarter. Citigroup Inc. now owns 418,120 shares of the exchange traded fund’s stock worth $10,838,000 after buying an additional 260,199 shares in the last quarter. Institutional investors and hedge funds own 86.75% of the company’s stock.

About iShares MSCI Malaysia ETF

iShares MSCI Malaysia ETF, formerly iShares MSCI Malaysia Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Malaysian market, as measured by the MSCI Malaysia Index (the Index). The Index seeks to measure the performance of the Malaysian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.