iShares MSCI Malaysia ETF (NYSEARCA:EWM) Share Price Pass Above 200-Day Moving Average – Time to Sell?

iShares MSCI Malaysia ETF (NYSEARCA:EWM) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $25.37 and traded as high as $27.64. iShares MSCI Malaysia ETF shares last traded at $27.64, with a volume of 73,686 shares changing hands.

iShares MSCI Malaysia ETF Stock Down 0.2%

The company’s 50 day moving average price is $26.47 and its 200 day moving average price is $25.37. The firm has a market capitalization of $275.85 million, a price-to-earnings 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 modified their holdings of EWM. Whitcomb & Hess Inc. grew its stake in shares of iShares MSCI Malaysia ETF by 0.9% during the 2nd 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 during the period. Hsbc Holdings PLC purchased a new position in shares of iShares MSCI Malaysia ETF in the second quarter valued at approximately $648,000. Cobblestone Asset Management LLC purchased a new position in shares of iShares MSCI Malaysia ETF in the second quarter worth about $605,000. Bank of Montreal Can increased its holdings in shares of iShares MSCI Malaysia ETF by 96.8% in the second quarter. Bank of Montreal Can now owns 115,604 shares of the exchange traded fund’s stock valued at $2,814,000 after purchasing an additional 56,859 shares during the last quarter. Finally, Mount Lucas Management LP acquired a new position in shares of iShares MSCI Malaysia ETF during the 2nd quarter valued at about $813,000. Institutional investors and hedge funds own 86.75% of the company’s stock.

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). The Index seeks to measure the performance of the Malaysian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.