iShares MSCI Switzerland ETF (NYSEARCA:EWL) Reaches New 12-Month High – Here’s Why

iShares MSCI Switzerland ETF (NYSEARCA:EWL)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $59.89 and last traded at $59.7950, with a volume of 58512 shares. The stock had previously closed at $59.57.

iShares MSCI Switzerland ETF Trading Up 0.5%

The company has a market cap of $1.44 billion, a price-to-earnings ratio of 21.82 and a beta of 0.81. The stock has a 50-day simple moving average of $57.18 and a 200 day simple moving average of $55.68.

Institutional Investors Weigh In On iShares MSCI Switzerland ETF

A number of hedge funds have recently bought and sold shares of the stock. Allworth Financial LP increased its position in shares of iShares MSCI Switzerland ETF by 13.8% during the third quarter. Allworth Financial LP now owns 1,510 shares of the exchange traded fund’s stock worth $83,000 after purchasing an additional 183 shares in the last quarter. IFP Advisors Inc acquired a new position in shares of iShares MSCI Switzerland ETF during the third quarter worth about $60,000. Advisory Services Network LLC acquired a new stake in shares of iShares MSCI Switzerland ETF in the 3rd quarter valued at approximately $44,000. NewEdge Advisors LLC boosted its position in shares of iShares MSCI Switzerland ETF by 36.5% during the 3rd quarter. NewEdge Advisors LLC now owns 27,246 shares of the exchange traded fund’s stock worth $1,505,000 after purchasing an additional 7,287 shares in the last quarter. Finally, Susquehanna International Group LLP increased its holdings in iShares MSCI Switzerland ETF by 52.8% in the third quarter. Susquehanna International Group LLP now owns 11,860 shares of the exchange traded fund’s stock valued at $655,000 after buying an additional 4,100 shares in the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

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.