iShares MSCI Australia ETF (NYSEARCA:EWA) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

iShares MSCI Australia ETF (NYSEARCA:EWA)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $26.86 and traded as high as $29.53. iShares MSCI Australia ETF shares last traded at $29.31, with a volume of 6,894,559 shares.

iShares MSCI Australia ETF Trading Down 0.0%

The business has a 50-day moving average price of $27.19 and a two-hundred day moving average price of $26.86. The stock has a market capitalization of $1.35 billion, a P/E ratio of 19.89 and a beta of 1.04.

Hedge Funds Weigh In On iShares MSCI Australia ETF

Several hedge funds have recently bought and sold shares of EWA. Johnson Financial Group Inc. bought a new stake in shares of iShares MSCI Australia ETF during the 3rd quarter worth approximately $32,000. Tower Research Capital LLC TRC raised its position in iShares MSCI Australia ETF by 10,333.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,565 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 1,550 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in iShares MSCI Australia ETF during the first quarter worth $42,000. Simplex Trading LLC acquired a new stake in shares of iShares MSCI Australia ETF in the 2nd quarter valued at $71,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Australia ETF in the 4th quarter valued at $72,000. 59.69% of the stock is owned by institutional investors.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.