iShares MSCI Italy ETF (NYSEARCA:EWI) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares MSCI Italy ETF (NYSEARCA:EWI) saw unusually-high trading volume on Wednesday . Approximately 775,793 shares were traded during mid-day trading, an increase of 67% from the previous session’s volume of 464,121 shares.The stock last traded at $61.04 and had previously closed at $60.73.

iShares MSCI Italy ETF Trading Up 0.6%

The company has a market capitalization of $701.08 million, a P/E ratio of 12.30 and a beta of 0.87. The business has a 50 day moving average price of $58.34 and a 200 day moving average price of $55.85.

Institutional Trading of iShares MSCI Italy ETF

A number of institutional investors and hedge funds have recently modified their holdings of EWI. NewEdge Advisors LLC increased its stake in shares of iShares MSCI Italy ETF by 1,596.5% in the 1st quarter. NewEdge Advisors LLC now owns 967 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 910 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of iShares MSCI Italy ETF in the 1st quarter valued at about $3,287,000. Cetera Investment Advisers increased its stake in shares of iShares MSCI Italy ETF by 25.4% in the 2nd quarter. Cetera Investment Advisers now owns 8,536 shares of the exchange traded fund’s stock valued at $411,000 after acquiring an additional 1,730 shares during the last quarter. Cresset Asset Management LLC increased its stake in shares of iShares MSCI Italy ETF by 29.6% in the 2nd quarter. Cresset Asset Management LLC now owns 12,862 shares of the exchange traded fund’s stock valued at $619,000 after acquiring an additional 2,939 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of iShares MSCI Italy ETF by 1,035,275.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 41,415 shares of the exchange traded fund’s stock valued at $1,994,000 after acquiring an additional 41,411 shares during the last quarter. 37.96% of the stock is owned by institutional investors.

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.