iShares MSCI Switzerland ETF (NYSEARCA:EWL) Hits New 12-Month High – Here’s What Happened

iShares MSCI Switzerland ETF (NYSEARCA:EWL) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $64.92 and last traded at $64.9290, with a volume of 49301 shares. The stock had previously closed at $64.31.

iShares MSCI Switzerland ETF Price Performance

The company has a market cap of $1.74 billion, a price-to-earnings ratio of 21.82 and a beta of 0.81. The firm has a 50 day simple moving average of $61.40 and a 200-day simple moving average of $58.00.

Institutional Investors Weigh In On iShares MSCI Switzerland ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Edmond DE Rothschild Holding S.A. acquired a new position in iShares MSCI Switzerland ETF in the second quarter valued at $38,000. Advisory Services Network LLC purchased a new stake in shares of iShares MSCI Switzerland ETF during the 3rd quarter worth $44,000. Harbour Investments Inc. grew its position in iShares MSCI Switzerland ETF by 359.2% during the fourth 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 period. MAI Capital Management increased its stake in 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 purchasing 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 during the 4th quarter worth $54,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

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.