iShares MSCI Italy ETF (NYSEARCA:EWI) Reaches New 52-Week High – Time to Buy?

iShares MSCI Italy ETF (NYSEARCA:EWI) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $63.28 and last traded at $63.21, with a volume of 660436 shares traded. The stock had previously closed at $62.39.

iShares MSCI Italy ETF Stock Performance

The company has a 50 day simple moving average of $60.08 and a two-hundred day simple moving average of $57.40. The firm has a market cap of $1.07 billion, a PE ratio of 12.30 and a beta of 0.87.

Institutional Investors Weigh In On iShares MSCI Italy ETF

A number of large investors have recently bought and sold shares of the company. DV Equities LLC purchased a new stake in iShares MSCI Italy ETF in the fourth quarter valued at approximately $27,000. Biltmore Family Office LLC acquired a new stake in iShares MSCI Italy ETF during the 4th quarter valued at approximately $28,000. Strategic Advocates LLC lifted its stake in iShares MSCI Italy ETF by 94.9% during the 4th quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 336 shares during the period. Fifth Third Bancorp purchased a new stake in shares of iShares MSCI Italy ETF in the 1st quarter valued at $39,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of iShares MSCI Italy ETF by 1,596.5% in the 1st quarter. NewEdge Advisors LLC now owns 967 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 910 shares during the last quarter. Hedge funds and other 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.