iShares MSCI Malaysia ETF (NYSEARCA:EWM) Stock Price Pass Above 200-Day Moving Average – Here’s What Happened

iShares MSCI Malaysia ETF (NYSEARCA:EWM)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $27.76 and traded as high as $29.27. iShares MSCI Malaysia ETF shares last traded at $29.01, with a volume of 197,670 shares changing hands.

iShares MSCI Malaysia ETF Price Performance

The firm has a market cap of $369.88 million, a PE ratio of 14.29 and a beta of 0.49. The firm has a 50-day simple moving average of $28.99 and a 200 day simple moving average of $27.76.

Hedge Funds Weigh In On iShares MSCI Malaysia ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jessup Wealth Management Inc purchased a new position in iShares MSCI Malaysia ETF during the fourth quarter valued at $72,000. BOCHK Asset Management Ltd lifted its position in iShares MSCI Malaysia ETF by 250.0% during the fourth quarter. BOCHK Asset Management Ltd now owns 2,800 shares of the exchange traded fund’s stock valued at $77,000 after buying an additional 2,000 shares during the period. Raymond James Financial Inc. purchased a new position in iShares MSCI Malaysia ETF during the second quarter valued at $84,000. AlphaCentric Advisors LLC purchased a new position in shares of iShares MSCI Malaysia ETF in the 4th quarter worth about $152,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of iShares MSCI Malaysia ETF in the 4th quarter worth about $161,000. Hedge funds and other institutional investors 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.