iShares MSCI Sweden ETF (NYSEARCA:EWD) Shares Down 0.7% – Should You Sell?

iShares MSCI Sweden ETF (NYSEARCA:EWDGet Free Report)’s stock price were down 0.7% on Wednesday . The stock traded as low as $51.14 and last traded at $51.41. Approximately 109,188 shares traded hands during trading, a decline of 30% from the average daily volume of 155,087 shares. The stock had previously closed at $51.76.

iShares MSCI Sweden ETF Stock Performance

The company has a market capitalization of $306.89 million, a price-to-earnings ratio of 20.15 and a beta of 1.14. The business’s 50-day simple moving average is $52.34 and its 200-day simple moving average is $49.37.

Hedge Funds Weigh In On iShares MSCI Sweden ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of EWD. Royal Bank of Canada raised its position in shares of iShares MSCI Sweden ETF by 64.3% during the 1st quarter. Royal Bank of Canada now owns 64,695 shares of the company’s stock valued at $2,721,000 after acquiring an additional 25,309 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in iShares MSCI Sweden ETF by 398.7% in the first quarter. Jones Financial Companies Lllp now owns 1,157 shares of the company’s stock valued at $49,000 after purchasing an additional 925 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in iShares MSCI Sweden ETF in the first quarter valued at about $215,000. Jane Street Group LLC boosted its holdings in iShares MSCI Sweden ETF by 234.6% during the first quarter. Jane Street Group LLC now owns 243,725 shares of the company’s stock worth $10,256,000 after buying an additional 170,892 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of iShares MSCI Sweden ETF by 76.8% during the 1st quarter. Rhumbline Advisers now owns 2,900 shares of the company’s stock worth $122,000 after buying an additional 1,260 shares during the period. 49.63% of the stock is owned by institutional investors.

About iShares MSCI Sweden ETF

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