iShares MSCI Italy ETF (NYSEARCA:EWI) Reaches New 1-Year High – Here’s Why

iShares MSCI Italy ETF (NYSEARCA:EWI) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $55.29 and last traded at $55.4150, with a volume of 82265 shares traded. The stock had previously closed at $55.16.

iShares MSCI Italy ETF Stock Up 0.8%

The firm has a market cap of $717.18 million, a P/E ratio of 12.30 and a beta of 1.01. The firm’s 50-day simple moving average is $53.06 and its 200 day simple moving average is $51.13.

Hedge Funds Weigh In On iShares MSCI Italy ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in shares of iShares MSCI Italy ETF in the second quarter valued at $46,048,000. Tradewinds Capital Management LLC increased its holdings in iShares MSCI Italy ETF by 31,587,000.0% in the 2nd quarter. Tradewinds Capital Management LLC now owns 631,742 shares of the exchange traded fund’s stock worth $30,412,000 after acquiring an additional 631,740 shares during the last quarter. Schroder Investment Management Group bought a new stake in iShares MSCI Italy ETF in the 2nd quarter valued at about $18,905,000. Principal Financial Group Inc. purchased a new stake in iShares MSCI Italy ETF during the third quarter valued at about $10,240,000. Finally, Ameriprise Financial Inc. lifted its holdings in iShares MSCI Italy ETF by 24.3% during the second quarter. Ameriprise Financial Inc. now owns 710,888 shares of the exchange traded fund’s stock valued at $34,227,000 after purchasing an additional 139,088 shares during the last quarter. 37.96% of the stock is owned by 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.