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

Shares of iShares MSCI Malaysia ETF (NYSEARCA:EWM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.23 and traded as high as $26.92. iShares MSCI Malaysia ETF shares last traded at $26.88, with a volume of 205,561 shares trading hands.

iShares MSCI Malaysia ETF Trading Up 1.2%

The business’s fifty day simple moving average is $26.28 and its 200-day simple moving average is $25.26. The firm has a market cap of $271.46 million, a P/E ratio of 14.29 and a beta of 0.55.

Institutional Investors Weigh In On iShares MSCI Malaysia ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Breakout Capital Partners LP lifted its holdings in shares of iShares MSCI Malaysia ETF by 52.3% during the third quarter. Breakout Capital Partners LP now owns 783,676 shares of the exchange traded fund’s stock valued at $20,313,000 after purchasing an additional 269,200 shares during the last quarter. Capula Management Ltd bought a new position in iShares MSCI Malaysia ETF during the 3rd quarter valued at approximately $378,000. Bcwm LLC increased its position in iShares MSCI Malaysia ETF by 8.3% during the 3rd quarter. Bcwm LLC now owns 144,136 shares of the exchange traded fund’s stock valued at $3,736,000 after buying an additional 11,046 shares in the last quarter. Zacks Investment Management raised its stake in iShares MSCI Malaysia ETF by 4.1% during the third quarter. Zacks Investment Management now owns 22,913 shares of the exchange traded fund’s stock valued at $594,000 after buying an additional 892 shares during the last quarter. Finally, UBS Group AG boosted its holdings in iShares MSCI Malaysia ETF by 175.8% in the third quarter. UBS Group AG now owns 707,500 shares of the exchange traded fund’s stock worth $18,338,000 after acquiring an additional 451,008 shares in the last quarter. Hedge funds and other institutional investors own 86.75% of the company’s stock.

iShares MSCI Malaysia ETF Company Profile

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.