iShares MSCI Italy ETF (NYSEARCA:EWI) Stock Price Cross Above 50 Day Moving Average – Here’s Why

iShares MSCI Italy ETF (NYSEARCA:EWI) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $37.97 and traded as high as $41.56. iShares MSCI Italy ETF shares last traded at $41.47, with a volume of 327,807 shares trading hands.

iShares MSCI Italy ETF Stock Up 1.7 %

The firm has a market capitalization of $469.86 million, a price-to-earnings ratio of 10.55 and a beta of 0.87. The business has a 50-day moving average of $37.97 and a two-hundred day moving average of $37.79.

Institutional Trading of iShares MSCI Italy ETF

Several institutional investors have recently modified their holdings of EWI. Flow Traders U.S. LLC acquired a new stake in shares of iShares MSCI Italy ETF during the 3rd quarter valued at about $7,463,000. ABC Arbitrage SA bought a new position in iShares MSCI Italy ETF during the fourth quarter worth about $3,610,000. BNP Paribas Financial Markets boosted its holdings in iShares MSCI Italy ETF by 487.1% during the fourth quarter. BNP Paribas Financial Markets now owns 112,111 shares of the exchange traded fund’s stock valued at $4,033,000 after purchasing an additional 93,016 shares in the last quarter. BlueStem Wealth Partners LLC bought a new stake in shares of iShares MSCI Italy ETF in the 4th quarter valued at approximately $2,859,000. Finally, GTS Securities LLC bought a new stake in shares of iShares MSCI Italy ETF in the 4th quarter valued at approximately $2,183,000.

iShares MSCI Italy ETF Company Profile

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.