iShares MSCI Denmark ETF (BATS:EDEN) Share Price Pass Below 200-Day Moving Average – Time to Sell?

iShares MSCI Denmark ETF (BATS:EDEN) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $110.25 and traded as low as $109.41. iShares MSCI Denmark ETF shares last traded at $109.96, with a volume of 1,894 shares changing hands.

iShares MSCI Denmark ETF Stock Performance

The stock has a market capitalization of $221.92 million, a P/E ratio of 16.34 and a beta of 0.95. The stock has a 50-day moving average price of $110.51 and a two-hundred day moving average price of $110.25.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI Denmark ETF in the 2nd quarter worth about $41,000. Rhumbline Advisers raised its stake in iShares MSCI Denmark ETF by 40.2% in the first quarter. Rhumbline Advisers now owns 488 shares of the company’s stock worth $51,000 after buying an additional 140 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in iShares MSCI Denmark ETF in the second quarter worth about $106,000. Signaturefd LLC purchased a new stake in iShares MSCI Denmark ETF in the second quarter worth about $168,000. Finally, Flow Traders U.S. LLC bought a new stake in iShares MSCI Denmark ETF during the 2nd quarter valued at approximately $270,000.

iShares MSCI Denmark ETF Company Profile

The iShares MSCI Denmark ETF (EDEN) is an exchange-traded fund that is based on the MSCI Denmark IMI 25\u002F50 index, a market-cap-weighted index of Danish stocks. EDEN was launched on Jan 25, 2012 and is managed by BlackRock.