iShares MSCI Italy ETF (NYSEARCA:EWI) Stock Pass Below 50 Day Moving Average of $37.57

iShares MSCI Italy ETF (NYSEARCA:EWI)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $37.57 and traded as low as $36.31. iShares MSCI Italy ETF shares last traded at $36.46, with a volume of 362,362 shares.

iShares MSCI Italy ETF Trading Up 1.7 %

The stock has a market cap of $413.09 million, a price-to-earnings ratio of 10.55 and a beta of 0.87. The company has a fifty day simple moving average of $37.57 and a 200-day simple moving average of $36.01.

Hedge Funds Weigh In On iShares MSCI Italy ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC increased its stake in shares of iShares MSCI Italy ETF by 273.3% in the first quarter. Jane Street Group LLC now owns 633,020 shares of the exchange traded fund’s stock worth $23,878,000 after acquiring an additional 463,460 shares during the last quarter. Flow Traders U.S. LLC raised its stake in shares of iShares MSCI Italy ETF by 7,557.6% during the 1st quarter. Flow Traders U.S. LLC now owns 453,486 shares of the exchange traded fund’s stock worth $17,105,000 after purchasing an additional 447,564 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of iShares MSCI Italy ETF during the 3rd quarter valued at about $8,349,000. Moran Wealth Management LLC bought a new stake in shares of iShares MSCI Italy ETF in the 4th quarter valued at approximately $7,956,000. Finally, Adams Wealth Management acquired a new position in iShares MSCI Italy ETF in the first quarter worth approximately $7,522,000.

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.