iShares MSCI Italy ETF (NYSEARCA:EWI) Reaches New 1-Year High – Here’s Why

iShares MSCI Italy ETF (NYSEARCA:EWI)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $54.73 and last traded at $54.6570, with a volume of 6817 shares. The stock had previously closed at $54.16.

iShares MSCI Italy ETF Trading Up 0.8%

The firm’s fifty day simple moving average is $52.78 and its 200 day simple moving average is $50.91. The company has a market cap of $655.40 million, a price-to-earnings ratio of 12.30 and a beta of 1.01.

Hedge Funds Weigh In On iShares MSCI Italy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitlin John LLC acquired a new position in shares of iShares MSCI Italy ETF during the 3rd quarter worth approximately $28,000. NewEdge Advisors LLC lifted its position in iShares MSCI Italy ETF by 1,596.5% during the first quarter. NewEdge Advisors LLC now owns 967 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 910 shares in the last quarter. Riggs Asset Managment Co. Inc. purchased a new stake in iShares MSCI Italy ETF during the second quarter worth approximately $64,000. Simplex Trading LLC raised its stake in shares of iShares MSCI Italy ETF by 365.8% in the 2nd quarter. Simplex Trading LLC now owns 3,307 shares of the exchange traded fund’s stock valued at $159,000 after acquiring an additional 2,597 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of iShares MSCI Italy ETF during the third quarter valued at approximately $179,000. Institutional investors and hedge funds own 37.96% of the company’s stock.

iShares MSCI Italy ETF Company Profile

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan 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.