iShares MSCI Italy ETF (NYSEARCA:EWI) Hits New 12-Month High – Time to Buy?

iShares MSCI Italy ETF (NYSEARCA:EWI) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $52.67 and last traded at $52.61, with a volume of 38705 shares changing hands. The stock had previously closed at $52.33.

iShares MSCI Italy ETF Trading Up 0.5%

The firm has a market cap of $733.91 million, a P/E ratio of 12.30 and a beta of 1.03. The firm has a 50-day simple moving average of $50.91 and a 200-day simple moving average of $47.35.

Institutional Trading of iShares MSCI Italy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of EWI. The Manufacturers Life Insurance Company bought a new stake in iShares MSCI Italy ETF during the 1st quarter valued at $42,390,000. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in iShares MSCI Italy ETF during the 2nd quarter worth $46,048,000. Tradewinds Capital Management LLC grew its stake in iShares MSCI Italy ETF by 31,587,000.0% during the 2nd quarter. Tradewinds Capital Management LLC now owns 631,742 shares of the exchange traded fund’s stock worth $30,412,000 after buying an additional 631,740 shares during the last quarter. Schroder Investment Management Group purchased a new position in iShares MSCI Italy ETF during the 2nd quarter worth $18,905,000. Finally, Ameriprise Financial Inc. grew its stake in iShares MSCI Italy ETF by 24.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 710,888 shares of the exchange traded fund’s stock worth $34,227,000 after buying an additional 139,088 shares during the last quarter. 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.