iShares MSCI Netherlands ETF (NYSEARCA:EWN) Stock Price Break Below 50-Day Moving Average – Here’s What Happened

iShares MSCI Netherlands ETF (NYSEARCA:EWN)’s stock price passed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $68.30 and traded as low as $67.28. iShares MSCI Netherlands ETF shares last traded at $67.71, with a volume of 46,971 shares traded.

iShares MSCI Netherlands ETF Trading Down 2.0%

The company has a market capitalization of $704.00 million, a P/E ratio of 19.71 and a beta of 1.12. The company’s 50 day moving average is $68.36 and its 200-day moving average is $66.17.

Institutional Trading of iShares MSCI Netherlands ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lido Advisors LLC boosted its holdings in iShares MSCI Netherlands ETF by 157.0% in the first quarter. Lido Advisors LLC now owns 163,571 shares of the exchange traded fund’s stock worth $9,407,000 after acquiring an additional 99,925 shares in the last quarter. Royal Bank of Canada boosted its stake in iShares MSCI Netherlands ETF by 74.1% in the 1st quarter. Royal Bank of Canada now owns 55,971 shares of the exchange traded fund’s stock worth $3,219,000 after purchasing an additional 23,828 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in iShares MSCI Netherlands ETF in the 2nd quarter worth about $1,345,000. Vertex Investment Solutions Co. Ltd. grew its position in iShares MSCI Netherlands ETF by 246.6% during the 2nd quarter. Vertex Investment Solutions Co. Ltd. now owns 25,300 shares of the exchange traded fund’s stock valued at $1,757,000 after purchasing an additional 18,000 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in iShares MSCI Netherlands ETF during the 2nd quarter valued at about $1,094,000.

About iShares MSCI Netherlands ETF

iShares MSCI Netherlands ETF, formerly iShares MSCI Netherlands Investable Market Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Netherlands Investable Market Index (the Index). The Index consists of stocks traded primarily on the Amsterdam Stock Exchange. Components primarily include consumer staples, financial and industrials companies. The Fund invests in a particular segment of the securities markets and seeks to track the performance of a securities index that generally is not representative of the market as a whole.