iShares MSCI Denmark ETF (BATS:EDEN) Stock Cross Below 200 Day Moving Average – Should You Sell?

iShares MSCI Denmark ETF (BATS:EDEN)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of €122.44 ($126.23) and traded as low as €106.46 ($109.75). iShares MSCI Denmark ETF shares last traded at €106.70 ($110.00), with a volume of 10,421 shares.

iShares MSCI Denmark ETF Price Performance

The company has a 50-day simple moving average of €114.20 and a 200-day simple moving average of €122.20. The stock has a market cap of $255.30 million, a PE ratio of 13.77 and a beta of 0.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC purchased a new position in shares of iShares MSCI Denmark ETF in the third quarter valued at $310,000. MML Investors Services LLC grew its stake in iShares MSCI Denmark ETF by 25.9% in the 3rd quarter. MML Investors Services LLC now owns 4,798 shares of the company’s stock valued at $609,000 after acquiring an additional 988 shares during the last quarter. Legacy Capital Group California Inc. increased its holdings in iShares MSCI Denmark ETF by 1.9% during the 3rd quarter. Legacy Capital Group California Inc. now owns 6,692 shares of the company’s stock valued at $850,000 after acquiring an additional 127 shares in the last quarter. Contravisory Investment Management Inc. raised its position in iShares MSCI Denmark ETF by 1.9% during the third quarter. Contravisory Investment Management Inc. now owns 6,762 shares of the company’s stock worth $859,000 after acquiring an additional 127 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI Denmark ETF in the third quarter valued at about $961,000.

About iShares MSCI Denmark ETF

The iShares MSCI Denmark ETF (EDEN) is an exchange-traded fund that is based on the MSCI Denmark IMI 25\u002F50 index, a market-cap-weighted index of Danish stocks. EDEN was launched on Jan 25, 2012 and is managed by BlackRock.