iShares MSCI Belgium ETF (NYSEARCA:EWK) Shares Up 1.2% – Should You Buy?

Shares of iShares MSCI Belgium ETF (NYSEARCA:EWK) rose 1.2% on Monday . The company traded as high as $27.06 and last traded at $26.98. Approximately 10,534 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 11,586 shares. The stock had previously closed at $26.65.

iShares MSCI Belgium ETF Trading Up 1.2%

The company has a market cap of $25.90 million, a P/E ratio of 18.50 and a beta of 0.81. The business has a 50 day moving average price of $24.96 and a 200-day moving average price of $23.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of iShares MSCI Belgium ETF during the 2nd quarter worth about $65,000. Private Trust Co. NA bought a new position in iShares MSCI Belgium ETF during the second quarter worth about $79,000. Osaic Holdings Inc. grew its holdings in iShares MSCI Belgium ETF by 26.2% during the second quarter. Osaic Holdings Inc. now owns 3,769 shares of the company’s stock worth $83,000 after purchasing an additional 782 shares during the period. Griffin Asset Management Inc. acquired a new position in iShares MSCI Belgium ETF during the second quarter worth approximately $219,000. Finally, Idaho Trust Co bought a new stake in iShares MSCI Belgium ETF in the second quarter valued at approximately $241,000.

About iShares MSCI Belgium ETF

iShares MSCI Belgium Capped ETF, formerly iShares MSCI Belgium Capped Investable Market 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 Belgian market, as measured by the MSCI Belgium Investable Market Index (the Index). The Index seeks to measure the performance of the Belgian equity market. It is a capitalization-weighted index that aims to capture 99% of the (publicly available) total market capitalization.