iShares MSCI Italy ETF (NYSEARCA:EWI) Sets New 52-Week High – Here’s What Happened

Shares of iShares MSCI Italy ETF (NYSEARCA:EWI) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $61.27 and last traded at $61.26, with a volume of 39249 shares trading hands. The stock had previously closed at $60.09.

iShares MSCI Italy ETF Stock Down 0.1%

The company has a market cap of $1.04 billion, a P/E ratio of 12.30 and a beta of 0.87. The business’s 50 day moving average is $59.93 and its 200 day moving average is $57.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hilltop Partners LLC lifted its stake in shares of iShares MSCI Italy ETF by 2.9% during the 4th quarter. Hilltop Partners LLC now owns 7,029 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 197 shares during the last quarter. Strategic Advocates LLC grew its stake in iShares MSCI Italy ETF by 94.9% in the fourth quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 336 shares during the last quarter. NewEdge Advisors LLC grew its stake in iShares MSCI Italy ETF by 41.4% in the second quarter. NewEdge Advisors LLC now owns 1,367 shares of the exchange traded fund’s stock valued at $66,000 after purchasing an additional 400 shares during the last quarter. Contravisory Investment Management Inc. grew its stake in iShares MSCI Italy ETF by 2.0% in the second quarter. Contravisory Investment Management Inc. now owns 23,232 shares of the exchange traded fund’s stock valued at $1,376,000 after purchasing an additional 459 shares during the last quarter. Finally, DV Equities LLC bought a new position in iShares MSCI Italy ETF in the fourth quarter worth about $27,000. 37.96% of the stock is currently owned by hedge funds and other institutional investors.

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.