iShares MSCI Italy ETF (NYSEARCA:EWI) Stock Pass Above 50-Day Moving Average – Should You Sell?

iShares MSCI Italy ETF (NYSEARCA:EWI) crossed 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 trading hands.

iShares MSCI Italy ETF Stock Up 0.9 %

The company has a 50 day simple moving average of $36.49 and a 200-day simple moving average of $37.30. The stock has a market cap of $427.93 million, a price-to-earnings ratio of 10.55 and a beta of 0.87.

Hedge Funds Weigh In On iShares MSCI Italy ETF

Several institutional investors have recently made changes to their positions in EWI. Sanctuary Advisors LLC acquired a new stake in shares of iShares MSCI Italy ETF during the 2nd quarter valued at $222,000. Rhumbline Advisers lifted its position in shares of iShares MSCI Italy ETF by 7.9% during the 2nd quarter. Rhumbline Advisers now owns 6,180 shares of the exchange traded fund’s stock valued at $222,000 after acquiring an additional 450 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of iShares MSCI Italy ETF during the 3rd quarter valued at $225,000. Stifel Financial Corp lifted its position 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 valued at $257,000 after acquiring an additional 824 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of iShares MSCI Italy ETF by 25.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,672 shares of the exchange traded fund’s stock valued at $311,000 after acquiring an additional 1,761 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.