iShares MSCI Italy ETF (NYSEARCA:EWI – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $58.16 and traded as high as $58.78. iShares MSCI Italy ETF shares last traded at $58.72, with a volume of 1,041,008 shares changing hands.
iShares MSCI Italy ETF Price Performance
The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 12.30 and a beta of 0.89. The business has a fifty day moving average of $58.71 and a 200 day moving average of $58.16.
Institutional Investors Weigh In On iShares MSCI Italy ETF
A number of institutional investors have recently bought and sold shares of the business. Knollwood Investment Advisory LLC bought a new position in iShares MSCI Italy ETF in the 2nd quarter valued at $1,007,000. Arlington Capital Management Inc. grew its stake in shares of iShares MSCI Italy ETF by 69.0% during the first quarter. Arlington Capital Management Inc. now owns 102,278 shares of the exchange traded fund’s stock worth $5,464,000 after purchasing an additional 41,754 shares during the period. Contravisory Investment Management Inc. acquired a new position in iShares MSCI Italy ETF in the third quarter valued at about $1,283,000. Integrated Wealth Concepts LLC bought a new position in iShares MSCI Italy ETF during the second quarter worth about $1,058,000. Finally, Cairn Investment Group Inc. bought a new stake in shares of iShares MSCI Italy ETF in the 2nd quarter valued at about $15,604,000. Institutional investors and hedge funds own 37.96% of the company’s stock.
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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