iShares MSCI Italy ETF (NYSEARCA:EWI) Reaches New 52-Week High – Time to Buy?

iShares MSCI Italy ETF (NYSEARCA:EWI) hit a new 52-week high on Wednesday . The stock traded as high as $63.28 and last traded at $63.21, with a volume of 660436 shares. The stock had previously closed at $62.39.

iShares MSCI Italy ETF Price Performance

The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 12.30 and a beta of 0.87. The firm has a fifty day simple moving average of $60.08 and a two-hundred day simple moving average of $57.40.

Institutional Trading of iShares MSCI Italy ETF

A number of institutional investors have recently bought and sold shares of the stock. 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 valued at $34,227,000 after purchasing an additional 139,088 shares in the last quarter. Parkway Wealth Management Group LLC lifted its stake in shares of iShares MSCI Italy ETF by 1.5% during the first quarter. Parkway Wealth Management Group LLC now owns 622,607 shares of the exchange traded fund’s stock worth $35,507,000 after buying an additional 9,250 shares during the period. Schroder Investment Management Group lifted its stake in shares of iShares MSCI Italy ETF by 21.5% during the fourth quarter. Schroder Investment Management Group now owns 499,500 shares of the exchange traded fund’s stock worth $27,268,000 after buying an additional 88,500 shares during the period. UBS Group AG grew its holdings in shares of iShares MSCI Italy ETF by 45.3% during the fourth quarter. UBS Group AG now owns 289,258 shares of the exchange traded fund’s stock valued at $15,715,000 after buying an additional 90,221 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of iShares MSCI Italy ETF by 9.0% during the fourth quarter. LPL Financial LLC now owns 244,532 shares of the exchange traded fund’s stock valued at $13,285,000 after buying an additional 20,249 shares during the last quarter. 37.96% of the stock is currently owned by institutional investors and hedge funds.

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.