iShares MSCI Mexico ETF (NYSEARCA:EWW) Shares Break Above 200-Day Moving Average – Here’s What Happened

iShares MSCI Mexico ETF (NYSEARCA:EWW)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $76.17 and traded as high as $77.16. iShares MSCI Mexico ETF shares last traded at $76.35, with a volume of 1,509,107 shares changing hands.

iShares MSCI Mexico ETF Stock Performance

The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 12.85 and a beta of 0.78. The company has a 50 day moving average price of $74.28 and a two-hundred day moving average price of $76.19.

Hedge Funds Weigh In On iShares MSCI Mexico ETF

A number of large investors have recently added to or reduced their stakes in EWW. CENTRAL TRUST Co purchased a new stake in shares of iShares MSCI Mexico ETF during the third quarter worth $69,000. Carret Asset Management LLC raised its position in shares of iShares MSCI Mexico ETF by 4.0% in the third quarter. Carret Asset Management LLC now owns 7,142 shares of the exchange traded fund’s stock valued at $508,000 after buying an additional 277 shares during the last quarter. Parallel Advisors LLC purchased a new position in shares of iShares MSCI Mexico ETF in the third quarter worth about $82,000. Pekin Hardy Strauss Inc. purchased a new position in shares of iShares MSCI Mexico ETF in the third quarter worth about $6,658,000. Finally, Kestra Advisory Services LLC boosted its position in iShares MSCI Mexico ETF by 6.7% during the third quarter. Kestra Advisory Services LLC now owns 14,821 shares of the exchange traded fund’s stock worth $1,054,000 after acquiring an additional 930 shares during the last quarter.

About iShares MSCI Mexico ETF

iShares MSCI Mexico Capped ETF (the Fund), formerly iShares MSCI Mexico Capped Investable Market Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Mexico IMI 25/50 Index (the Index). The Index consists of stocks traded primarily on the Mexican Stock Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.