iShares MSCI Switzerland ETF (NYSEARCA:EWL) Hits New 12-Month High – What’s Next?

iShares MSCI Switzerland ETF (NYSEARCA:EWL) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $60.73 and last traded at $60.7050, with a volume of 36364 shares trading hands. The stock had previously closed at $60.58.

iShares MSCI Switzerland ETF Stock Performance

The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 21.82 and a beta of 0.81. The stock’s fifty day moving average is $58.48 and its two-hundred day moving average is $56.38.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EWL. Wealth Enhancement Advisory Services LLC raised its holdings in iShares MSCI Switzerland ETF by 2.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,700 shares of the exchange traded fund’s stock worth $406,000 after purchasing an additional 173 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. raised its stake in shares of iShares MSCI Switzerland ETF by 100.0% in the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 14,356 shares of the exchange traded fund’s stock worth $869,000 after buying an additional 7,178 shares in the last quarter. Boltwood Capital Management lifted its holdings in shares of iShares MSCI Switzerland ETF by 3.4% in the fourth quarter. Boltwood Capital Management now owns 6,075 shares of the exchange traded fund’s stock valued at $364,000 after buying an additional 200 shares during the period. JPMorgan Chase & Co. boosted its stake in iShares MSCI Switzerland ETF by 142.2% during the third quarter. JPMorgan Chase & Co. now owns 725,576 shares of the exchange traded fund’s stock valued at $40,081,000 after buying an additional 425,970 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in 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 acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 68.30% of the company’s stock.

About iShares MSCI Switzerland ETF

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.