iShares MSCI Denmark ETF (BATS:EDEN) Stock Cross Below 200 Day Moving Average – Should You Sell?

iShares MSCI Denmark ETF (BATS:EDEN)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of €122.44 ($126.23) and traded as low as €106.46 ($109.75). iShares MSCI Denmark ETF shares last traded at €106.70 ($110.00), with a volume of 10,421 shares changing hands.

iShares MSCI Denmark ETF Stock Performance

The stock has a market cap of $255.30 million, a PE ratio of 13.77 and a beta of 0.79. The firm’s 50-day moving average is €114.20 and its 200 day moving average is €122.20.

Hedge Funds Weigh In On iShares MSCI Denmark ETF

Institutional investors have recently added to or reduced their stakes in the stock. Marotta Asset Management increased its stake in iShares MSCI Denmark ETF by 2.7% in the 3rd quarter. Marotta Asset Management now owns 76,936 shares of the company’s stock valued at $9,772,000 after buying an additional 2,041 shares during the period. Contravisory Investment Management Inc. increased its stake 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 worth $859,000 after acquiring an additional 127 shares during the period. HighTower Advisors LLC raised its holdings in iShares MSCI Denmark ETF by 1.4% during the third quarter. HighTower Advisors LLC now owns 22,498 shares of the company’s stock worth $2,870,000 after purchasing an additional 300 shares in the last quarter. Jane Street Group LLC lifted its position in iShares MSCI Denmark ETF by 14.6% in the third quarter. Jane Street Group LLC now owns 17,536 shares of the company’s stock valued at $2,227,000 after purchasing an additional 2,236 shares during the period. Finally, Idaho Trust Bank purchased a new stake in iShares MSCI Denmark ETF in the 2nd quarter valued at approximately $1,121,000.

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.