iShares MSCI Italy ETF (NYSEARCA:EWI) Hits New 1-Year High – Here’s What Happened

Shares of iShares MSCI Italy ETF (NYSEARCA:EWI) reached a new 52-week high on Monday . The stock traded as high as $57.72 and last traded at $57.6950, with a volume of 337568 shares traded. The stock had previously closed at $56.28.

iShares MSCI Italy ETF Trading Up 2.4%

The stock has a market capitalization of $743.17 million, a PE ratio of 12.30 and a beta of 1.01. The firm has a 50-day moving average price of $54.76 and a 200-day moving average price of $52.53.

Institutional Trading of iShares MSCI Italy ETF

Several hedge funds have recently added to or reduced their stakes in EWI. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in iShares MSCI Italy ETF in the second quarter valued at about $46,048,000. Ameriprise Financial Inc. increased its stake in shares of iShares MSCI Italy ETF by 24.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 710,888 shares of the exchange traded fund’s stock worth $34,227,000 after purchasing an additional 139,088 shares during the last quarter. Tradewinds Capital Management LLC raised its holdings in shares of iShares MSCI Italy ETF by 11.6% in the 3rd quarter. Tradewinds Capital Management LLC now owns 704,794 shares of the exchange traded fund’s stock worth $36,614,000 after purchasing an additional 73,052 shares during the period. Schroder Investment Management Group lifted its stake in iShares MSCI Italy ETF by 4.1% in the third quarter. Schroder Investment Management Group now owns 411,000 shares of the exchange traded fund’s stock valued at $21,166,000 after purchasing an additional 16,000 shares during the last quarter. Finally, UBS Group AG grew its holdings in iShares MSCI Italy ETF by 45.3% during the fourth quarter. UBS Group AG now owns 289,258 shares of the exchange traded fund’s stock valued at $15,715,000 after purchasing an additional 90,221 shares during the period. Institutional investors own 37.96% of the company’s stock.

About iShares MSCI Italy ETF

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.