iShares MSCI Hong Kong ETF (NYSEARCA:EWH) Shares Cross Above 50 Day Moving Average – Time to Sell?

iShares MSCI Hong Kong ETF (NYSEARCA:EWH)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $21.96 and traded as high as $22.16. iShares MSCI Hong Kong ETF shares last traded at $22.06, with a volume of 2,566,087 shares traded.

iShares MSCI Hong Kong ETF Stock Down 0.8%

The firm’s 50-day simple moving average is $21.96 and its 200-day simple moving average is $21.33. The firm has a market capitalization of $676.58 million, a PE ratio of 14.69 and a beta of 0.46.

Hedge Funds Weigh In On iShares MSCI Hong Kong ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Preferred LLC bought a new stake in iShares MSCI Hong Kong ETF in the second quarter valued at approximately $28,000. Comerica Bank increased its stake in shares of iShares MSCI Hong Kong ETF by 59.2% in the third quarter. Comerica Bank now owns 1,770 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 658 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings in iShares MSCI Hong Kong ETF by 108.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,000 shares of the exchange traded fund’s stock valued at $99,000 after buying an additional 2,600 shares during the last quarter. Picton Mahoney Asset Management boosted its position in iShares MSCI Hong Kong ETF by 27.3% during the 3rd quarter. Picton Mahoney Asset Management now owns 7,600 shares of the exchange traded fund’s stock valued at $164,000 after buying an additional 1,630 shares during the period. Finally, Chung Wu Investment Group LLC bought a new stake in iShares MSCI Hong Kong ETF in the 2nd quarter worth $169,000. 50.59% of the stock is currently owned by institutional investors.

About iShares MSCI Hong Kong ETF

iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (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 Hong Kong market, as measured by the MSCI Hong Kong Index (the Index). The Index consists of stocks traded primarily on the Stock Exchange of Hong Kong Limited. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.