iShares MSCI Italy ETF (NYSEARCA:EWI) Stock Price Pass Below 50 Day Moving Average – Time to Sell?

iShares MSCI Italy ETF (NYSEARCA:EWI) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $36.64 and traded as low as $36.39. iShares MSCI Italy ETF shares last traded at $36.48, with a volume of 363,419 shares traded.

iShares MSCI Italy ETF Stock Up 0.5 %

The firm has a market capitalization of $415.58 million, a P/E ratio of 10.55 and a beta of 0.87. The business’s 50-day simple moving average is $36.61 and its 200 day simple moving average is $37.27.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EWI. Rhumbline Advisers grew its holdings in iShares MSCI Italy ETF by 7.9% in the 2nd quarter. Rhumbline Advisers now owns 6,180 shares of the exchange traded fund’s stock worth $222,000 after acquiring an additional 450 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of iShares MSCI Italy ETF by 1.1% in the third 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 holdings in 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 purchasing an additional 824 shares during the period. Thrivent Financial for Lutherans raised its position in iShares MSCI Italy ETF by 0.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 149,475 shares of the exchange traded fund’s stock valued at $5,824,000 after purchasing an additional 856 shares during the last quarter. Finally, Mount Lucas Management LP lifted its holdings in iShares MSCI Italy ETF by 4.9% in the 3rd quarter. Mount Lucas Management LP now owns 19,546 shares of the exchange traded fund’s stock worth $762,000 after buying an additional 914 shares during the period.

iShares MSCI Italy ETF Company Profile

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.