iShares MSCI Mexico ETF (NYSEARCA:EWW) Shares Pass Above 50-Day Moving Average – Time to Sell?

Shares of iShares MSCI Mexico ETF (NYSEARCA:EWW) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $69.41 and traded as high as $74.07. iShares MSCI Mexico ETF shares last traded at $74.00, with a volume of 1,667,434 shares trading hands.

iShares MSCI Mexico ETF Price Performance

The firm’s fifty day moving average price is $69.66 and its 200-day moving average price is $65.82. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 12.85 and a beta of 0.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EWW. Hsbc Holdings PLC acquired a new position in shares of iShares MSCI Mexico ETF during the second quarter worth approximately $74,869,000. Caxton Associates LLP acquired a new position in shares of iShares MSCI Mexico ETF during the third quarter valued at $60,217,000. Millennium Management LLC bought a new stake in shares of iShares MSCI Mexico ETF during the third quarter valued at about $37,325,000. The Manufacturers Life Insurance Company acquired a new stake in iShares MSCI Mexico ETF in the second quarter worth about $27,605,000. Finally, SG Americas Securities LLC grew its position in iShares MSCI Mexico ETF by 929.7% in the 2nd quarter. SG Americas Securities LLC now owns 286,750 shares of the exchange traded fund’s stock valued at $17,366,000 after buying an additional 258,902 shares in the last quarter.

iShares MSCI Mexico ETF Company Profile

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.