iShares MSCI Italy ETF (NYSEARCA:EWI) Reaches New 52-Week High – What’s Next?

Shares of iShares MSCI Italy ETF (NYSEARCA:EWI) reached a new 52-week high during trading on Tuesday . The company traded as high as $60.27 and last traded at $60.12, with a volume of 17069 shares. The stock had previously closed at $58.65.

iShares MSCI Italy ETF Stock Performance

The firm has a market cap of $681.22 million, a PE ratio of 12.30 and a beta of 0.87. The stock’s 50 day simple moving average is $57.52 and its 200 day simple moving average is $55.50.

Institutional Investors Weigh In On iShares MSCI Italy ETF

Institutional investors have recently made changes to their positions in the business. DV Equities LLC purchased a new stake in shares of iShares MSCI Italy ETF in the 4th quarter valued at $27,000. Biltmore Family Office LLC purchased a new stake in shares of iShares MSCI Italy ETF in the 4th quarter valued at $28,000. Caitlin John LLC purchased a new stake in shares of iShares MSCI Italy ETF in the 3rd quarter valued at $28,000. Strategic Advocates LLC boosted its stake in shares of iShares MSCI Italy ETF by 94.9% in the 4th quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 336 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in shares of iShares MSCI Italy ETF in the 1st quarter valued at $39,000. Hedge funds and other institutional investors own 37.96% of the company’s stock.

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.