iShares MSCI Sweden ETF (NYSEARCA:EWD) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares MSCI Sweden ETF (NYSEARCA:EWDGet Free Report) saw unusually-high trading volume on Wednesday . 423,124 shares traded hands during trading, an increase of 105% from the previous session’s volume of 206,461 shares.The stock last traded at $52.50 and had previously closed at $53.06.

iShares MSCI Sweden ETF Price Performance

The company has a market capitalization of $581.97 million, a price-to-earnings ratio of 20.15 and a beta of 1.08. The firm’s fifty day moving average price is $50.86 and its 200-day moving average price is $51.44.

Hedge Funds Weigh In On iShares MSCI Sweden ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of iShares MSCI Sweden ETF by 64.3% during the first quarter. Royal Bank of Canada now owns 64,695 shares of the company’s stock valued at $2,721,000 after purchasing an additional 25,309 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of iShares MSCI Sweden ETF by 398.7% in the first quarter. Jones Financial Companies Lllp now owns 1,157 shares of the company’s stock valued at $49,000 after buying an additional 925 shares during the period. Goldman Sachs Group Inc. bought a new position in iShares MSCI Sweden ETF in the 1st quarter valued at approximately $215,000. Jane Street Group LLC raised its holdings in iShares MSCI Sweden ETF by 234.6% in the 1st quarter. Jane Street Group LLC now owns 243,725 shares of the company’s stock valued at $10,256,000 after buying an additional 170,892 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in iShares MSCI Sweden ETF by 76.8% in the 1st quarter. Rhumbline Advisers now owns 2,900 shares of the company’s stock valued at $122,000 after buying an additional 1,260 shares during the last quarter. Institutional investors and hedge funds own 49.63% of the company’s stock.

iShares MSCI Sweden ETF Company Profile

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