iShares MSCI Italy ETF (NYSEARCA:EWI) Reaches New 52-Week High – Here’s What Happened

iShares MSCI Italy ETF (NYSEARCA:EWI) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $61.18 and last traded at $60.16, with a volume of 2267435 shares trading hands. The stock had previously closed at $60.73.

iShares MSCI Italy ETF Stock Down 0.9%

The firm has a 50 day simple moving average of $58.45 and a 200-day simple moving average of $55.91. The company has a market cap of $690.64 million, a PE ratio of 12.30 and a beta of 0.87.

Hedge Funds Weigh In On iShares MSCI Italy ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in EWI. DV Equities LLC purchased a new position in iShares MSCI Italy ETF in the fourth quarter valued at about $27,000. Caitlin John LLC purchased a new position in iShares MSCI Italy ETF in the third quarter valued at about $28,000. Biltmore Family Office LLC purchased a new position in iShares MSCI Italy ETF in the fourth quarter valued at about $28,000. Strategic Advocates LLC grew its stake in iShares MSCI Italy ETF by 94.9% in the fourth 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. Finally, Fifth Third Bancorp purchased a new position in iShares MSCI Italy ETF in the first quarter valued at about $39,000. Hedge funds and other 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. 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.