iShares MSCI Hong Kong ETF (NYSEARCA:EWH) Shares Cross Below 200 Day Moving Average – Here’s Why

iShares MSCI Hong Kong ETF (NYSEARCA:EWH) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.72 and traded as low as $16.04. iShares MSCI Hong Kong ETF shares last traded at $16.10, with a volume of 2,563,868 shares trading hands.

iShares MSCI Hong Kong ETF Stock Down 1.7 %

The company’s 50 day moving average price is $17.16 and its two-hundred day moving average price is $16.72.

Institutional Investors Weigh In On iShares MSCI Hong Kong ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in iShares MSCI Hong Kong ETF by 1.9% during the 3rd quarter. HighTower Advisors LLC now owns 102,964 shares of the exchange traded fund’s stock worth $1,914,000 after acquiring an additional 1,911 shares during the period. Farther Finance Advisors LLC purchased a new stake in iShares MSCI Hong Kong ETF during the 3rd quarter valued at approximately $67,000. Pekin Hardy Strauss Inc. grew its holdings in iShares MSCI Hong Kong ETF by 15.4% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 43,815 shares of the exchange traded fund’s stock valued at $670,000 after buying an additional 5,850 shares in the last quarter. National Bank of Canada FI grew its holdings in iShares MSCI Hong Kong ETF by 1,823.9% during the 3rd quarter. National Bank of Canada FI now owns 10,389 shares of the exchange traded fund’s stock valued at $194,000 after buying an additional 9,849 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in iShares MSCI Hong Kong ETF by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 157,525 shares of the exchange traded fund’s stock valued at $2,939,000 after buying an additional 11,689 shares in the last quarter. Institutional investors own 50.59% of the company’s stock.

About iShares MSCI Hong Kong ETF

iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (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 Hong Kong market, as measured by the MSCI Hong Kong Index (the Index).