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

iShares MSCI Malaysia ETF (NYSEARCA:EWM)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.90 and traded as high as $28.82. iShares MSCI Malaysia ETF shares last traded at $28.78, with a volume of 513,275 shares trading hands.

iShares MSCI Malaysia ETF Stock Up 1.2%

The stock has a fifty day moving average price of $27.19 and a two-hundred day moving average price of $25.90. The company has a market capitalization of $313.13 million, a price-to-earnings ratio of 14.29 and a beta of 0.55.

Hedge Funds Weigh In On iShares MSCI Malaysia ETF

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in iShares MSCI Malaysia ETF by 34.5% during the first quarter. Royal Bank of Canada now owns 47,597 shares of the exchange traded fund’s stock worth $1,099,000 after acquiring an additional 12,202 shares during the last quarter. Fluent Financial LLC lifted its stake in shares of iShares MSCI Malaysia ETF by 201.4% during the 2nd quarter. Fluent Financial LLC now owns 56,173 shares of the exchange traded fund’s stock worth $1,367,000 after purchasing an additional 37,538 shares during the period. Carrera Capital Advisors lifted its stake in shares of iShares MSCI Malaysia ETF by 11.8% during the 2nd quarter. Carrera Capital Advisors now owns 282,013 shares of the exchange traded fund’s stock worth $6,864,000 after purchasing an additional 29,740 shares during the period. Bank of Montreal Can boosted its holdings in shares of iShares MSCI Malaysia ETF by 96.8% during the second quarter. Bank of Montreal Can now owns 115,604 shares of the exchange traded fund’s stock worth $2,814,000 after purchasing an additional 56,859 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of iShares MSCI Malaysia ETF during the second quarter worth $205,000. 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.