Moran Wealth Management LLC Sells 63,203 Shares of iShares MSCI Italy ETF $EWI

Moran Wealth Management LLC decreased its position in iShares MSCI Italy ETF (NYSEARCA:EWI) by 28.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,574 shares of the exchange traded fund’s stock after selling 63,203 shares during the quarter. Moran Wealth Management LLC owned approximately 1.21% of iShares MSCI Italy ETF worth $8,452,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EWI. Principal Financial Group Inc. bought a new position in shares of iShares MSCI Italy ETF in the third quarter valued at approximately $10,240,000. Ameriprise Financial Inc. raised its position in shares of iShares MSCI Italy ETF by 24.3% in the second 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 during the period. Ocean Park Asset Management LLC acquired a new stake in shares of iShares MSCI Italy ETF in the third quarter worth $7,027,000. Thrivent Financial for Lutherans acquired a new stake in shares of iShares MSCI Italy ETF in the third quarter worth $6,724,000. Finally, Jane Street Group LLC acquired a new stake in shares of iShares MSCI Italy ETF in the first quarter worth $3,287,000. Institutional investors own 37.96% of the company’s stock.

iShares MSCI Italy ETF Trading Up 1.4%

Shares of iShares MSCI Italy ETF stock opened at $58.72 on Friday. The company’s fifty day simple moving average is $54.94 and its 200-day simple moving average is $53.92. The company has a market cap of $674.11 million, a price-to-earnings ratio of 12.30 and a beta of 0.87. iShares MSCI Italy ETF has a 1 year low of $41.58 and a 1 year high of $59.17.

iShares MSCI Italy ETF Company Profile

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.