iShares MSCI Malaysia ETF (NYSEARCA:EWM) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

iShares MSCI Malaysia ETF (NYSEARCA:EWM)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.76 and traded as high as $29.27. iShares MSCI Malaysia ETF shares last traded at $29.01, with a volume of 197,670 shares.

iShares MSCI Malaysia ETF Price Performance

The stock’s 50 day moving average price is $28.96 and its two-hundred day moving average price is $27.78. The firm has a market capitalization of $372.43 million, a price-to-earnings ratio of 14.29 and a beta of 0.49.

Institutional Investors Weigh In On iShares MSCI Malaysia ETF

Several institutional investors and hedge funds have recently bought and sold shares of EWM. Jessup Wealth Management Inc bought a new stake in iShares MSCI Malaysia ETF in the 4th quarter valued at $72,000. BOCHK Asset Management Ltd increased its holdings in iShares MSCI Malaysia ETF by 250.0% in the 4th quarter. BOCHK Asset Management Ltd now owns 2,800 shares of the exchange traded fund’s stock valued at $77,000 after buying an additional 2,000 shares during the period. Raymond James Financial Inc. bought a new stake in iShares MSCI Malaysia ETF in the 2nd quarter valued at $84,000. AlphaCentric Advisors LLC bought a new stake in iShares MSCI Malaysia ETF in the 4th quarter valued at $152,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in iShares MSCI Malaysia ETF in the 4th quarter valued at $161,000. Institutional investors own 86.75% of the company’s stock.

About iShares MSCI Malaysia ETF

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.