iShares MSCI Malaysia ETF (NYSEARCA:EWM) Shares Cross Above 200 Day Moving Average – What’s Next?

iShares MSCI Malaysia ETF (NYSEARCA:EWM) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

iShares MSCI Malaysia ETF Price Performance

The firm has a market cap of $365.43 million, a price-to-earnings ratio of 14.29 and a beta of 0.55. The firm’s fifty day moving average is $28.07 and its 200-day moving average is $26.44.

Institutional Investors Weigh In On iShares MSCI Malaysia ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Jessup Wealth Management Inc acquired a new position in iShares MSCI Malaysia ETF in the fourth quarter valued at approximately $72,000. BOCHK Asset Management Ltd lifted its position in shares of iShares MSCI Malaysia ETF by 250.0% during the 4th quarter. BOCHK Asset Management Ltd now owns 2,800 shares of the exchange traded fund’s stock valued at $77,000 after acquiring an additional 2,000 shares during the period. Raymond James Financial Inc. bought a new position in iShares MSCI Malaysia ETF during the second quarter worth $84,000. AlphaCentric Advisors LLC acquired a new stake in iShares MSCI Malaysia ETF in the fourth quarter worth $152,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in iShares MSCI Malaysia ETF in the fourth quarter valued at $161,000. Institutional investors 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.