iShares MSCI Sweden ETF (NYSEARCA:EWD) Stock Price Down 0.7% – Time to Sell?

Shares of iShares MSCI Sweden ETF (NYSEARCA:EWD) traded down 0.7% on Wednesday . The company traded as low as $51.14 and last traded at $51.41. 109,188 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 155,087 shares. The stock had previously closed at $51.76.

iShares MSCI Sweden ETF Stock Performance

The business’s 50 day simple moving average is $52.32 and its 200-day simple moving average is $49.34. The stock has a market capitalization of $319.77 million, a price-to-earnings ratio of 20.15 and a beta of 1.14.

Hedge Funds Weigh In On iShares MSCI Sweden ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its position in iShares MSCI Sweden ETF by 234.6% in the 1st quarter. Jane Street Group LLC now owns 243,725 shares of the company’s stock valued at $10,256,000 after acquiring an additional 170,892 shares during the period. Flow Traders U.S. LLC acquired a new position in iShares MSCI Sweden ETF during the 3rd quarter worth $6,777,000. Royal Bank of Canada boosted its position in iShares MSCI Sweden ETF by 243.3% during the 4th quarter. Royal Bank of Canada now owns 171,667 shares of the company’s stock worth $8,451,000 after acquiring an additional 121,666 shares during the period. UBS Group AG grew its stake in shares of iShares MSCI Sweden ETF by 194.3% in the fourth quarter. UBS Group AG now owns 112,398 shares of the company’s stock worth $5,533,000 after purchasing an additional 74,204 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of iShares MSCI Sweden ETF by 4.8% in the third quarter. Bank of America Corp DE now owns 763,665 shares of the company’s stock worth $36,045,000 after purchasing an additional 35,240 shares in the last quarter. 49.63% of the stock is owned by institutional investors.

iShares MSCI Sweden ETF Company Profile

Ishares