Cairn Investment Group Inc. bought a new stake in shares of iShares MSCI Italy ETF (NYSEARCA:EWI – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 263,410 shares of the exchange traded fund’s stock, valued at approximately $15,604,000. iShares MSCI Italy ETF comprises approximately 6.6% of Cairn Investment Group Inc.’s portfolio, making the stock its 2nd largest holding.
Several other institutional investors also recently bought and sold shares of the company. DV Equities LLC purchased a new position in iShares MSCI Italy ETF in the fourth quarter worth $27,000. Biltmore Family Office LLC acquired a new position in shares of iShares MSCI Italy ETF during the fourth quarter worth $28,000. Strategic Advocates LLC lifted its holdings in shares of iShares MSCI Italy ETF by 94.9% during 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 during the last quarter. Fifth Third Bancorp purchased a new stake in shares of iShares MSCI Italy ETF during the 1st quarter valued at $39,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of iShares MSCI Italy ETF by 186.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 857 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 558 shares during the last quarter. 37.96% of the stock is currently owned by institutional investors and hedge funds.
iShares MSCI Italy ETF Price Performance
iShares MSCI Italy ETF stock opened at $61.20 on Wednesday. iShares MSCI Italy ETF has a 1-year low of $50.05 and a 1-year high of $63.76. The business has a fifty day moving average price of $61.37 and a 200-day moving average price of $58.39. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.30 and a beta of 0.87.
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.
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