iShares MSCI Italy ETF (NYSEARCA:EWI) Stock Price Pass Above Fifty Day Moving Average – What’s Next?

iShares MSCI Italy ETF (NYSEARCA:EWI) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $36.47 and traded as high as $37.29. iShares MSCI Italy ETF shares last traded at $37.25, with a volume of 303,165 shares.

iShares MSCI Italy ETF Stock Up 0.9 %

The company has a market capitalization of $427.93 million, a price-to-earnings ratio of 10.55 and a beta of 0.87. The stock has a fifty day moving average price of $36.49 and a two-hundred day moving average price of $37.30.

Hedge Funds Weigh In On iShares MSCI Italy ETF

A number of institutional investors have recently made changes to their positions in EWI. Rhumbline Advisers grew its position in shares of iShares MSCI Italy ETF by 7.9% in the second quarter. Rhumbline Advisers now owns 6,180 shares of the exchange traded fund’s stock valued at $222,000 after purchasing an additional 450 shares during the period. HighTower Advisors LLC grew its position in shares of iShares MSCI Italy ETF by 1.1% in the third quarter. HighTower Advisors LLC now owns 56,135 shares of the exchange traded fund’s stock valued at $2,197,000 after purchasing an additional 595 shares during the period. Stifel Financial Corp grew its position in shares of iShares MSCI Italy ETF by 14.2% in the third quarter. Stifel Financial Corp now owns 6,609 shares of the exchange traded fund’s stock valued at $257,000 after purchasing an additional 824 shares during the period. Thrivent Financial for Lutherans grew its position in shares of iShares MSCI Italy ETF by 0.6% in the third quarter. Thrivent Financial for Lutherans now owns 149,475 shares of the exchange traded fund’s stock valued at $5,824,000 after purchasing an additional 856 shares during the period. Finally, Mount Lucas Management LP grew its position in shares of iShares MSCI Italy ETF by 4.9% in the third quarter. Mount Lucas Management LP now owns 19,546 shares of the exchange traded fund’s stock valued at $762,000 after purchasing an additional 914 shares during the period.

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.