iShares MSCI Switzerland ETF (NYSEARCA:EWL) Sets New 1-Year High – What’s Next?

iShares MSCI Switzerland ETF (NYSEARCA:EWL)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $63.61 and last traded at $63.45, with a volume of 421828 shares changing hands. The stock had previously closed at $63.09.

iShares MSCI Switzerland ETF Stock Up 0.3%

The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 21.82 and a beta of 0.81. The stock has a 50 day moving average of $60.58 and a 200 day moving average of $57.41.

Institutional Investors Weigh In On iShares MSCI Switzerland ETF

Institutional investors have recently made changes to their positions in the company. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of iShares MSCI Switzerland ETF during the 2nd quarter valued at approximately $38,000. Advisory Services Network LLC bought a new stake in iShares MSCI Switzerland ETF during the third quarter valued at $44,000. Harbour Investments Inc. increased its stake 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 valued at $49,000 after purchasing an additional 643 shares during the last quarter. MAI Capital Management raised its holdings in shares of iShares MSCI Switzerland ETF by 631.1% during the third quarter. MAI Capital Management now owns 965 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 833 shares during the period. Finally, Capital Investment Advisory Services LLC bought a new position in shares of iShares MSCI Switzerland ETF in the 4th quarter worth about $54,000. 68.30% of the stock is currently owned by institutional investors.

iShares MSCI Switzerland ETF Company Profile

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.