Royal Bank of Canada Sells 10,141 Shares of iShares MSCI Italy ETF $EWI

Royal Bank of Canada lessened its stake in shares of iShares MSCI Italy ETF (NYSEARCA:EWI) by 29.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,859 shares of the exchange traded fund’s stock after selling 10,141 shares during the period. Royal Bank of Canada owned approximately 0.21% of iShares MSCI Italy ETF worth $1,274,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Hilltop Partners LLC grew its stake in shares of iShares MSCI Italy ETF by 2.9% in 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. Strategic Advocates LLC grew its position in iShares MSCI Italy ETF by 94.9% during the 4th quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 336 shares during the last quarter. NewEdge Advisors LLC grew its position in iShares MSCI Italy ETF by 41.4% during the 2nd quarter. NewEdge Advisors LLC now owns 1,367 shares of the exchange traded fund’s stock valued at $66,000 after purchasing an additional 400 shares during the last quarter. DV Equities LLC bought a new stake in iShares MSCI Italy ETF during the 4th quarter valued at about $27,000. Finally, Biltmore Family Office LLC bought a new stake in iShares MSCI Italy ETF during the 4th quarter valued at about $28,000. 37.96% of the stock is owned by institutional investors.

iShares MSCI Italy ETF Stock Performance

Shares of iShares MSCI Italy ETF stock opened at $62.80 on Friday. The company has a 50-day simple moving average of $61.03 and a two-hundred day simple moving average of $58.07. The stock has a market capitalization of $1.06 billion, a PE ratio of 12.30 and a beta of 0.87. iShares MSCI Italy ETF has a 52-week low of $50.05 and a 52-week high of $63.76.

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.