iShares MSCI Italy ETF (NYSEARCA:EWI) Sets New 12-Month High – Here’s What Happened

iShares MSCI Italy ETF (NYSEARCA:EWI)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $58.33 and last traded at $58.17, with a volume of 294166 shares changing hands. The stock had previously closed at $57.72.

iShares MSCI Italy ETF Price Performance

The business’s 50-day moving average price is $54.89 and its two-hundred day moving average price is $53.86. The firm has a market cap of $664.58 million, a price-to-earnings ratio of 12.30 and a beta of 0.87.

Hedge Funds Weigh In On iShares MSCI Italy ETF

Institutional investors have recently modified their holdings of the company. Hilltop Partners LLC increased its position in iShares MSCI Italy ETF by 2.9% during the fourth quarter. Hilltop Partners LLC now owns 7,029 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 197 shares during the last quarter. Cobblestone Asset Management LLC increased its position in iShares MSCI Italy ETF by 2.5% during the fourth quarter. Cobblestone Asset Management LLC now owns 12,698 shares of the exchange traded fund’s stock worth $690,000 after purchasing an additional 315 shares during the last quarter. Strategic Advocates LLC increased its position in iShares MSCI Italy ETF by 94.9% during the fourth quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 336 shares during the last quarter. Arlington Capital Management Inc. increased its position in iShares MSCI Italy ETF by 0.6% during the fourth quarter. Arlington Capital Management Inc. now owns 60,524 shares of the exchange traded fund’s stock worth $3,288,000 after purchasing an additional 360 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in iShares MSCI Italy ETF by 41.4% during the second quarter. NewEdge Advisors LLC now owns 1,367 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds 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.