Cairn Investment Group Inc. Buys Shares of 263,410 iShares MSCI Italy ETF $EWI

Cairn Investment Group Inc. purchased a new stake in iShares MSCI Italy ETF (NYSEARCA:EWI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 263,410 shares of the exchange traded fund’s stock, valued at approximately $15,604,000. iShares MSCI Italy ETF makes up 6.6% of Cairn Investment Group Inc.’s investment portfolio, making the stock its 2nd biggest holding. Cairn Investment Group Inc. owned approximately 1.56% of iShares MSCI Italy ETF at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Parkway Wealth Management Group LLC lifted its holdings in 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. Providence First Trust Co bought a new stake in iShares MSCI Italy ETF during the 4th quarter valued at $695,000. Arlington Capital Management Inc. increased its holdings in shares of iShares MSCI Italy ETF by 69.0% in the 1st quarter. Arlington Capital Management Inc. now owns 102,278 shares of the exchange traded fund’s stock valued at $5,464,000 after acquiring an additional 41,754 shares during the period. Moran Wealth Management LLC increased its holdings in shares of iShares MSCI Italy ETF by 13.3% in the 1st quarter. Moran Wealth Management LLC now owns 176,338 shares of the exchange traded fund’s stock valued at $9,420,000 after acquiring an additional 20,764 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares MSCI Italy ETF by 112,701.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 117,314 shares of the exchange traded fund’s stock valued at $6,374,000 after acquiring an additional 117,210 shares during the period. Hedge funds and other institutional investors own 37.96% of the company’s stock.

iShares MSCI Italy ETF Trading Down 1.7%

EWI opened at $61.20 on Wednesday. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 12.30 and a beta of 0.87. iShares MSCI Italy ETF has a 12 month low of $50.05 and a 12 month high of $63.76. The stock has a fifty day moving average price of $61.37 and a 200-day moving average price of $58.39.

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.