iShares MSCI Italy ETF (NYSEARCA:EWI) Stock Price Pass Above 50 Day Moving Average – What’s Next?

iShares MSCI Italy ETF (NYSEARCA:EWI) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $58.79 and traded as high as $59.21. iShares MSCI Italy ETF shares last traded at $58.95, with a volume of 164,537 shares changing hands.

iShares MSCI Italy ETF Stock Performance

The company has a market capitalization of $676.75 million, a P/E ratio of 12.30 and a beta of 0.87. The company has a 50-day simple moving average of $58.79 and a 200 day simple moving average of $56.20.

Hedge Funds Weigh In On iShares MSCI Italy ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC bought a new position in iShares MSCI Italy ETF during the first quarter worth $233,000. CacheTech Inc. boosted its holdings in iShares MSCI Italy ETF by 2.4% in the 1st quarter. CacheTech Inc. now owns 155,026 shares of the exchange traded fund’s stock valued at $8,281,000 after purchasing an additional 3,668 shares during the period. Bank of New York Mellon Corp grew its position in iShares MSCI Italy ETF by 20.4% in the 1st quarter. Bank of New York Mellon Corp now owns 6,536 shares of the exchange traded fund’s stock worth $349,000 after purchasing an additional 1,107 shares during the last quarter. Global Assets Advisory LLC grew its position in iShares MSCI Italy ETF by 9.6% in the 1st quarter. Global Assets Advisory LLC now owns 8,990 shares of the exchange traded fund’s stock worth $480,000 after purchasing an additional 785 shares during the last quarter. Finally, Arlington Capital Management Inc. grew its position in iShares MSCI Italy ETF by 69.0% in the 1st quarter. Arlington Capital Management Inc. now owns 102,278 shares of the exchange traded fund’s stock worth $5,464,000 after purchasing an additional 41,754 shares during the last quarter. Institutional investors own 37.96% of the company’s stock.

About iShares MSCI Italy ETF

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. The Underlying Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.