iShares MSCI Italy ETF $EWI Stock Position Increased by Arlington Capital Management Inc.

Arlington Capital Management Inc. raised its stake in shares of iShares MSCI Italy ETF (NYSEARCA:EWI) by 69.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,278 shares of the exchange traded fund’s stock after buying an additional 41,754 shares during the quarter. iShares MSCI Italy ETF comprises about 3.1% of Arlington Capital Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Arlington Capital Management Inc.’s holdings in iShares MSCI Italy ETF were worth $5,464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Fluent Financial LLC bought a new position in shares of iShares MSCI Italy ETF during the fourth quarter valued at $1,721,000. JPMorgan Chase & Co. raised its position in shares of iShares MSCI Italy ETF by 128.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 54,356 shares of the exchange traded fund’s stock worth $2,824,000 after purchasing an additional 30,586 shares during the last quarter. Montag A & Associates Inc. boosted its stake in iShares MSCI Italy ETF by 25.7% in the 4th quarter. Montag A & Associates Inc. now owns 65,301 shares of the exchange traded fund’s stock worth $3,548,000 after purchasing an additional 13,341 shares in the last quarter. Providence First Trust Co purchased a new stake in iShares MSCI Italy ETF during the 4th quarter valued at about $695,000. Finally, Parkway Wealth Management Group LLC grew its position in iShares MSCI Italy ETF by 1.5% during the 1st quarter. Parkway Wealth Management Group LLC now owns 622,607 shares of the exchange traded fund’s stock valued at $35,507,000 after purchasing an additional 9,250 shares during the last quarter. 37.96% of the stock is owned by institutional investors.

iShares MSCI Italy ETF Trading Up 0.5%

NYSEARCA:EWI traded up $0.31 on Friday, reaching $60.59. 100,694 shares of the stock traded hands, compared to its average volume of 475,177. The company has a market capitalization of $859.17 million, a price-to-earnings ratio of 12.30 and a beta of 0.87. iShares MSCI Italy ETF has a 12 month low of $47.32 and a 12 month high of $61.18. The company’s fifty day simple moving average is $59.32 and its 200 day simple moving average is $56.66.

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.