Moran Wealth Management LLC Has $8.45 Million Stock Position in iShares MSCI Italy ETF $EWI

Moran Wealth Management LLC decreased its stake in iShares MSCI Italy ETF (NYSEARCA:EWI) by 28.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 155,574 shares of the exchange traded fund’s stock after selling 63,203 shares during the period. Moran Wealth Management LLC’s holdings in iShares MSCI Italy ETF were worth $8,452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of iShares MSCI Italy ETF in the fourth quarter worth $168,000. Monument Capital Management grew its stake in shares of iShares MSCI Italy ETF by 4.7% in the fourth quarter. Monument Capital Management now owns 74,919 shares of the exchange traded fund’s stock worth $4,070,000 after acquiring an additional 3,361 shares during the last quarter. Nilsine Partners LLC grew its stake in shares of iShares MSCI Italy ETF by 0.7% in the fourth quarter. Nilsine Partners LLC now owns 64,085 shares of the exchange traded fund’s stock worth $3,482,000 after acquiring an additional 477 shares during the last quarter. Cobblestone Asset Management LLC grew its stake in shares of iShares MSCI Italy ETF by 2.5% in the fourth quarter. Cobblestone Asset Management LLC now owns 12,698 shares of the exchange traded fund’s stock worth $690,000 after acquiring an additional 315 shares during the last quarter. Finally, Fluent Financial LLC acquired a new stake in shares of iShares MSCI Italy ETF in the fourth quarter worth $1,721,000. Institutional investors and hedge funds 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.