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

iShares MSCI Italy ETF (NYSEARCA:EWI)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $56.25 and last traded at $56.20, with a volume of 38623 shares trading hands. The stock had previously closed at $55.39.

iShares MSCI Italy ETF Stock Performance

The firm has a market cap of $727.77 million, a P/E ratio of 12.30 and a beta of 1.01. The firm has a 50 day simple moving average of $53.86 and a 200 day simple moving average of $51.95.

Institutional Trading of iShares MSCI Italy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in iShares MSCI Italy ETF in the 4th quarter valued at $168,000. Monument Capital Management raised its position in shares of iShares MSCI Italy ETF by 4.7% in the fourth quarter. Monument Capital Management now owns 74,919 shares of the exchange traded fund’s stock worth $4,070,000 after buying an additional 3,361 shares in the last quarter. Nilsine Partners LLC boosted its stake in iShares MSCI Italy ETF by 0.7% during the fourth quarter. Nilsine Partners LLC now owns 64,085 shares of the exchange traded fund’s stock valued at $3,482,000 after buying an additional 477 shares during the period. Cobblestone Asset Management LLC grew its position in iShares MSCI Italy ETF by 2.5% during the fourth quarter. Cobblestone Asset Management LLC now owns 12,698 shares of the exchange traded fund’s stock worth $690,000 after buying an additional 315 shares in the last quarter. Finally, Fluent Financial LLC bought a new position in iShares MSCI Italy ETF in the 4th quarter worth about $1,721,000. 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.