iShares MSCI Italy ETF (NYSEARCA:EWI) Reaches New 12-Month High – What’s Next?

iShares MSCI Italy ETF (NYSEARCA:EWI) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $54.73 and last traded at $54.6570, with a volume of 6817 shares traded. The stock had previously closed at $54.16.

iShares MSCI Italy ETF Stock Up 0.8%

The company has a market capitalization of $655.40 million, a price-to-earnings ratio of 12.30 and a beta of 1.01. The business’s 50-day moving average is $52.78 and its 200-day moving average is $50.91.

Hedge Funds Weigh In On iShares MSCI Italy ETF

A number of large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company acquired a new position in iShares MSCI Italy ETF during the first quarter worth $42,390,000. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in iShares MSCI Italy ETF in the 2nd quarter valued at about $46,048,000. Ameriprise Financial Inc. increased its stake in iShares MSCI Italy ETF by 24.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 710,888 shares of the exchange traded fund’s stock worth $34,227,000 after buying an additional 139,088 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in iShares MSCI Italy ETF by 11.6% in the 3rd quarter. Tradewinds Capital Management LLC now owns 704,794 shares of the exchange traded fund’s stock valued at $36,614,000 after purchasing an additional 73,052 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in iShares MSCI Italy ETF by 4.1% during the 3rd quarter. Schroder Investment Management Group now owns 411,000 shares of the exchange traded fund’s stock worth $21,166,000 after purchasing an additional 16,000 shares during the last quarter. Institutional investors and hedge funds 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.