iShares MSCI Malaysia ETF (NYSEARCA:EWM) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of iShares MSCI Malaysia ETF (NYSEARCA:EWM) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $26.44 and traded as high as $30.00. iShares MSCI Malaysia ETF shares last traded at $29.71, with a volume of 276,897 shares changing hands.

iShares MSCI Malaysia ETF Price Performance

The company has a fifty day moving average of $28.07 and a 200-day moving average of $26.44. The firm has a market cap of $365.43 million, a P/E ratio of 14.29 and a beta of 0.55.

Institutional Trading of iShares MSCI Malaysia ETF

Several institutional investors and hedge funds have recently made changes to their positions in EWM. UBS Group AG lifted its position in shares of iShares MSCI Malaysia ETF by 175.8% during the third quarter. UBS Group AG now owns 707,500 shares of the exchange traded fund’s stock valued at $18,338,000 after purchasing an additional 451,008 shares in the last quarter. Sun Life Financial Inc. bought a new position in shares of iShares MSCI Malaysia ETF during the 4th quarter worth approximately $10,320,000. Breakout Capital Partners LP boosted its stake in shares of iShares MSCI Malaysia ETF by 52.3% in the 3rd quarter. Breakout Capital Partners LP now owns 783,676 shares of the exchange traded fund’s stock worth $20,313,000 after buying an additional 269,200 shares during the last quarter. Cairn Investment Group Inc. bought a new position in shares of iShares MSCI Malaysia ETF in the third quarter valued at approximately $6,817,000. Finally, Citigroup Inc. increased its position in shares of iShares MSCI Malaysia ETF by 164.8% during the third quarter. Citigroup Inc. now owns 418,120 shares of the exchange traded fund’s stock valued at $10,838,000 after acquiring an additional 260,199 shares during 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.