iShares MSCI Sweden ETF (NYSEARCA:EWD) Shares Up 0.3% – Should You Buy?

Shares of iShares MSCI Sweden ETF (NYSEARCA:EWD – Get Free Report) shot up 0.3% during trading on Thursday. The company traded as high as $50.15 and last traded at $50.12. 268,528 shares traded hands during mid-day trading, an increase of 30% from the average daily volume of 206,017 shares. The stock had previously closed at $49.99.

iShares MSCI Sweden ETF Price Performance

The firm’s 50 day moving average is $52.17 and its 200 day moving average is $51.32. The company has a market cap of $962.48 million, a PE ratio of 20.15 and a beta of 1.09.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of iShares MSCI Sweden ETF by 2.8% in the first quarter. Bank of America Corp DE now owns 802,185 shares of the company’s stock worth $39,082,000 after purchasing an additional 21,649 shares during the period. Marotta Asset Management raised its position in shares of iShares MSCI Sweden ETF by 0.5% in the first quarter. Marotta Asset Management now owns 204,189 shares of the company’s stock worth $10,118,000 after buying an additional 995 shares in the last quarter. Syon Capital LLC boosted its stake in iShares MSCI Sweden ETF by 27.9% during the second quarter. Syon Capital LLC now owns 114,129 shares of the company’s stock valued at $5,704,000 after buying an additional 24,884 shares during the period. Empowered Funds LLC bought a new stake in iShares MSCI Sweden ETF during the first quarter valued at $1,447,000. Finally, Contravisory Investment Management Inc. grew its position in iShares MSCI Sweden ETF by 2.9% during the second quarter. Contravisory Investment Management Inc. now owns 23,430 shares of the company’s stock worth $1,171,000 after buying an additional 666 shares in the last quarter. 49.63% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Sweden ETF Company Profile

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