iShares MSCI Italy ETF (NYSEARCA:EWI) Reaches New 52-Week High – Here’s What Happened

Shares of iShares MSCI Italy ETF (NYSEARCA:EWI) hit a new 52-week high on Thursday . The company traded as high as $61.18 and last traded at $60.16, with a volume of 2267435 shares. The stock had previously closed at $60.73.

iShares MSCI Italy ETF Stock Down 0.9%

The firm has a market cap of $690.64 million, a PE ratio of 12.30 and a beta of 0.87. The stock has a 50 day moving average price of $58.45 and a two-hundred day moving average price of $55.91.

Institutional Investors Weigh In On iShares MSCI Italy ETF

A number of large investors have recently modified their holdings of the business. Hilltop Partners LLC grew its stake in shares of iShares MSCI Italy ETF by 2.9% during the fourth quarter. Hilltop Partners LLC now owns 7,029 shares of the exchange traded fund’s stock worth $382,000 after acquiring an additional 197 shares during the last quarter. Cobblestone Asset Management LLC grew its stake in shares of 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 acquiring an additional 315 shares during the last quarter. Strategic Advocates LLC grew its stake in shares of iShares MSCI Italy ETF by 94.9% during the fourth quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 336 shares during the last quarter. Arlington Capital Management Inc. grew its stake in shares of iShares MSCI Italy ETF by 0.6% during the fourth quarter. Arlington Capital Management Inc. now owns 60,524 shares of the exchange traded fund’s stock worth $3,288,000 after acquiring an additional 360 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of iShares MSCI Italy ETF by 41.4% during the second quarter. NewEdge Advisors LLC now owns 1,367 shares of the exchange traded fund’s stock worth $66,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 37.96% of the company’s stock.

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.