iShares MSCI Malaysia ETF (NYSEARCA:EWM) Share Price Cross Above 200-Day Moving Average – Should You Sell?

iShares MSCI Malaysia ETF (NYSEARCA:EWM)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.23 and traded as high as $26.92. iShares MSCI Malaysia ETF shares last traded at $26.88, with a volume of 205,561 shares traded.

iShares MSCI Malaysia ETF Stock Up 1.1%

The firm’s 50-day simple moving average is $26.25 and its 200-day simple moving average is $25.23. The firm has a market capitalization of $268.26 million, a PE ratio of 14.29 and a beta of 0.55.

Hedge Funds Weigh In On iShares MSCI Malaysia ETF

Several institutional investors and hedge funds have recently bought and sold shares of EWM. Zacks Investment Management boosted its position in shares of iShares MSCI Malaysia ETF by 4.1% during the third quarter. Zacks Investment Management now owns 22,913 shares of the exchange traded fund’s stock valued at $594,000 after purchasing an additional 892 shares in the last quarter. Whitcomb & Hess Inc. raised its holdings in iShares MSCI Malaysia ETF by 0.9% in the second quarter. Whitcomb & Hess Inc. now owns 332,936 shares of the exchange traded fund’s stock worth $8,104,000 after purchasing an additional 3,075 shares in the last quarter. Fluent Financial LLC raised its holdings in iShares MSCI Malaysia ETF by 6.0% in the third quarter. Fluent Financial LLC now owns 59,566 shares of the exchange traded fund’s stock worth $1,544,000 after purchasing an additional 3,393 shares in the last quarter. Raymond James Financial Inc. purchased a new position in iShares MSCI Malaysia ETF during the second quarter valued at $84,000. Finally, Mount Lucas Management LP boosted its holdings in shares of iShares MSCI Malaysia ETF by 10.7% during the 3rd quarter. Mount Lucas Management LP now owns 36,984 shares of the exchange traded fund’s stock valued at $959,000 after buying an additional 3,566 shares in the last quarter. 86.75% of the stock is currently owned by institutional investors.

About iShares MSCI Malaysia ETF

iShares MSCI Malaysia ETF, formerly iShares MSCI Malaysia Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Malaysian market, as measured by the MSCI Malaysia Index (the Index).