iShares MSCI Austria ETF (NYSEARCA:EWO) Trading Down 2.2% – Here’s Why

iShares MSCI Austria ETF (NYSEARCA:EWO) shares fell 2.2% during mid-day trading on Thursday . The company traded as low as $37.72 and last traded at $37.73. 53,506 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 71,888 shares. The stock had previously closed at $38.56.

iShares MSCI Austria ETF Stock Down 2.2%

The stock has a fifty day simple moving average of $35.66 and a 200 day simple moving average of $32.65. The firm has a market capitalization of $145.26 million, a P/E ratio of 11.04 and a beta of 0.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Arlington Capital Management Inc. increased its position in iShares MSCI Austria ETF by 54.6% during the 4th quarter. Arlington Capital Management Inc. now owns 153,235 shares of the company’s stock valued at $5,435,000 after buying an additional 54,131 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of iShares MSCI Austria ETF by 2.4% during the fourth quarter. CoreCap Advisors LLC now owns 151,340 shares of the company’s stock worth $5,368,000 after buying an additional 3,565 shares in the last quarter. Monument Capital Management lifted its stake in shares of iShares MSCI Austria ETF by 0.7% in the second quarter. Monument Capital Management now owns 128,016 shares of the company’s stock worth $3,764,000 after buying an additional 838 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in iShares MSCI Austria ETF during the third quarter worth about $2,099,000. Finally, Napa Wealth Management purchased a new stake in iShares MSCI Austria ETF during the 2nd quarter valued at about $1,598,000.

iShares MSCI Austria ETF Company Profile

iShares MSCI Austria Capped ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the MSCI Austria IMI 25/50 Index (the Underlying Index). The Underlying Index consists of stocks traded on the Vienna Stock Exchange. The Underlying Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.