iShares MSCI Australia ETF (NYSEARCA:EWA) Stock Price Pass Above Two Hundred Day Moving Average – Should You Sell?

iShares MSCI Australia ETF (NYSEARCA:EWA) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.84 and traded as high as $26.52. iShares MSCI Australia ETF shares last traded at $26.46, with a volume of 3,246,100 shares trading hands.

iShares MSCI Australia ETF Stock Down 0.6 %

The stock has a fifty day moving average of $25.51 and a 200-day moving average of $24.84.

Institutional Investors Weigh In On iShares MSCI Australia ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EWA. TD Asset Management Inc lifted its stake in iShares MSCI Australia ETF by 0.8% in the fourth quarter. TD Asset Management Inc now owns 87,443 shares of the exchange traded fund’s stock valued at $2,128,000 after buying an additional 702 shares during the last quarter. Prudential PLC lifted its stake in iShares MSCI Australia ETF by 73.7% in the fourth quarter. Prudential PLC now owns 83,546 shares of the exchange traded fund’s stock valued at $2,034,000 after buying an additional 35,444 shares during the last quarter. Connectus Wealth LLC purchased a new stake in iShares MSCI Australia ETF in the fourth quarter valued at approximately $5,017,000. Acima Private Wealth LLC raised its stake in shares of iShares MSCI Australia ETF by 1.5% during the fourth quarter. Acima Private Wealth LLC now owns 50,611 shares of the exchange traded fund’s stock worth $1,232,000 after purchasing an additional 766 shares during the last quarter. Finally, Viewpoint Capital Management LLC raised its stake in shares of iShares MSCI Australia ETF by 100.0% during the first quarter. Viewpoint Capital Management LLC now owns 8,390 shares of the exchange traded fund’s stock worth $206,000 after purchasing an additional 4,195 shares during the last quarter. Hedge funds and other institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index).