iShares MSCI Italy ETF (NYSEARCA:EWI) Reaches New 52-Week High – Time to Buy?

iShares MSCI Italy ETF (NYSEARCA:EWI)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $56.25 and last traded at $56.20, with a volume of 38623 shares. The stock had previously closed at $55.39.

iShares MSCI Italy ETF Stock Up 1.9%

The company has a 50-day moving average of $53.86 and a 200-day moving average of $51.95. The company has a market cap of $727.77 million, a PE ratio of 12.30 and a beta of 1.01.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its position in iShares MSCI Italy ETF by 1,596.5% in the 1st quarter. NewEdge Advisors LLC now owns 967 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 910 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of iShares MSCI Italy ETF in the 1st quarter worth approximately $3,287,000. Fifth Third Securities Inc. purchased a new position in shares of iShares MSCI Italy ETF in the 2nd quarter worth approximately $1,016,000. Brueske Advisory Services LLC grew its holdings in shares of iShares MSCI Italy ETF by 36.4% in the second quarter. Brueske Advisory Services LLC now owns 20,155 shares of the exchange traded fund’s stock valued at $970,000 after acquiring an additional 5,382 shares in the last quarter. Finally, Vontobel Holding Ltd. purchased a new stake in shares of iShares MSCI Italy ETF during the second quarter valued at approximately $241,000. 37.96% of the stock is owned by institutional investors.

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.