iShares MSCI Denmark ETF (BATS:EDEN) Share Price Pass Below 200-Day Moving Average – Should You Sell?

iShares MSCI Denmark ETF (BATS:EDEN) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of €125.35 ($133.35) and traded as low as €111.41 ($118.52). iShares MSCI Denmark ETF shares last traded at €111.78 ($118.92), with a volume of 3,445 shares trading hands.

iShares MSCI Denmark ETF Stock Up 0.4 %

The business has a 50-day moving average price of €122.81 and a 200-day moving average price of €125.35. The firm has a market capitalization of $269.42 million, a price-to-earnings ratio of 13.77 and a beta of 0.79.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EDEN. Hexagon Capital Partners LLC boosted its holdings in iShares MSCI Denmark ETF by 84.4% in the second quarter. Hexagon Capital Partners LLC now owns 201 shares of the company’s stock worth $25,000 after acquiring an additional 92 shares in the last quarter. Legacy Capital Group California Inc. lifted its stake in shares of iShares MSCI Denmark ETF by 1.9% during the third quarter. Legacy Capital Group California Inc. now owns 6,692 shares of the company’s stock worth $850,000 after buying an additional 127 shares during the period. Contravisory Investment Management Inc. grew its holdings in shares of iShares MSCI Denmark ETF by 1.9% during the third quarter. Contravisory Investment Management Inc. now owns 6,762 shares of the company’s stock valued at $859,000 after buying an additional 127 shares during the last quarter. HighTower Advisors LLC increased its position in shares of iShares MSCI Denmark ETF by 1.4% in the 3rd quarter. HighTower Advisors LLC now owns 22,498 shares of the company’s stock valued at $2,870,000 after acquiring an additional 300 shares during the period. Finally, Dai ichi Life Holdings Inc. raised its stake in iShares MSCI Denmark ETF by 4.8% in the 3rd quarter. Dai ichi Life Holdings Inc. now owns 8,700 shares of the company’s stock worth $1,106,000 after acquiring an additional 400 shares during the last quarter.

iShares MSCI Denmark ETF Company Profile

The iShares MSCI Denmark ETF (EDEN) is an exchange-traded fund that is based on the MSCI Denmark IMI 25\u002F50 index, a market-cap-weighted index of Danish stocks. EDEN was launched on Jan 25, 2012 and is managed by BlackRock.