iShares MSCI Italy ETF (NYSEARCA:EWI) Shares Cross Above 50-Day Moving Average – What’s Next?

iShares MSCI Italy ETF (NYSEARCA:EWI) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 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 changing hands.

iShares MSCI Italy ETF Price Performance

The firm’s fifty day moving average is $36.47 and its two-hundred day moving average is $37.29. The firm has a market capitalization of $422.04 million, a PE ratio of 10.55 and a beta of 0.87.

Hedge Funds Weigh In On iShares MSCI Italy ETF

Several institutional investors have recently modified their holdings of EWI. Rhumbline Advisers increased its holdings in iShares MSCI Italy ETF by 7.9% during the second quarter. Rhumbline Advisers now owns 6,180 shares of the exchange traded fund’s stock worth $222,000 after buying an additional 450 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of iShares MSCI Italy ETF by 1.1% during the 3rd quarter. HighTower Advisors LLC now owns 56,135 shares of the exchange traded fund’s stock worth $2,197,000 after purchasing an additional 595 shares during the last quarter. Stifel Financial Corp increased its stake in shares of iShares MSCI Italy ETF by 14.2% during the 3rd quarter. Stifel Financial Corp now owns 6,609 shares of the exchange traded fund’s stock worth $257,000 after purchasing an additional 824 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of iShares MSCI Italy ETF by 0.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 149,475 shares of the exchange traded fund’s stock worth $5,824,000 after purchasing an additional 856 shares during the period. Finally, Mount Lucas Management LP lifted its stake in 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 last quarter.

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.