iShares MSCI Switzerland ETF (NYSEARCA:EWL) Hits New 52-Week High – Here’s Why

iShares MSCI Switzerland ETF (NYSEARCA:EWL)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $64.23 and last traded at $64.1060, with a volume of 19056 shares trading hands. The stock had previously closed at $63.79.

iShares MSCI Switzerland ETF Trading Up 0.7%

The firm’s fifty day simple moving average is $60.81 and its 200 day simple moving average is $57.60. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 21.82 and a beta of 0.81.

Institutional Trading of iShares MSCI Switzerland ETF

Institutional investors have recently bought and sold shares of the business. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of iShares MSCI Switzerland ETF during the 2nd quarter worth about $38,000. Advisory Services Network LLC acquired a new stake in iShares MSCI Switzerland ETF during the third quarter worth approximately $44,000. Harbour Investments Inc. lifted its position in shares of iShares MSCI Switzerland ETF by 359.2% during the 4th quarter. Harbour Investments Inc. now owns 822 shares of the exchange traded fund’s stock worth $49,000 after buying an additional 643 shares during the last quarter. MAI Capital Management boosted its holdings in shares of iShares MSCI Switzerland ETF by 631.1% in the 3rd quarter. MAI Capital Management now owns 965 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 833 shares in the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new position in shares of iShares MSCI Switzerland ETF in the 4th quarter valued at $54,000. 68.30% of the stock is owned by hedge funds and other institutional investors.

About iShares MSCI Switzerland ETF

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The 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 Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.