iShares MSCI Italy ETF (NYSEARCA:EWI) Shares Pass Below 50-Day Moving Average – Here’s Why

iShares MSCI Italy ETF (NYSEARCA:EWI)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 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 changing hands.

iShares MSCI Italy ETF Price Performance

The firm has a 50-day moving average of $36.61 and a 200 day moving average of $37.27. The company has a market capitalization of $415.58 million, a PE ratio of 10.55 and a beta of 0.87.

Institutional Trading of iShares MSCI Italy ETF

A number of institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position in iShares MSCI Italy ETF by 47.9% in the third quarter. BNP Paribas Financial Markets now owns 19,095 shares of the exchange traded fund’s stock worth $744,000 after purchasing an additional 6,180 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of iShares MSCI Italy ETF by 14.2% in the third quarter. Stifel Financial Corp now owns 6,609 shares of the exchange traded fund’s stock worth $257,000 after buying an additional 824 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of iShares MSCI Italy ETF by 25.5% in the second quarter. Bank of New York Mellon Corp now owns 8,672 shares of the exchange traded fund’s stock worth $311,000 after buying an additional 1,761 shares during the last quarter. HITE Hedge Asset Management LLC bought a new stake in iShares MSCI Italy ETF during the second quarter valued at approximately $9,594,000. Finally, Pathstone Holdings LLC increased its holdings in iShares MSCI Italy ETF by 47.5% during the third quarter. Pathstone Holdings LLC now owns 54,879 shares of the exchange traded fund’s stock valued at $2,138,000 after buying an additional 17,661 shares during the last quarter.

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.