iShares MSCI Italy ETF (NYSEARCA:EWI) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares MSCI Italy ETF (NYSEARCA:EWI) saw unusually-strong trading volume on Tuesday . Approximately 473,493 shares changed hands during trading, a decline of 3% from the previous session’s volume of 489,964 shares.The stock last traded at $57.57 and had previously closed at $56.28.

iShares MSCI Italy ETF Price Performance

The stock’s fifty day simple moving average is $55.22 and its 200-day simple moving average is $54.47. The company has a market capitalization of $670.20 million, a P/E ratio of 12.30 and a beta of 0.88.

Institutional Investors Weigh In On iShares MSCI Italy ETF

A number of hedge funds have recently bought and sold shares of the company. DV Equities LLC bought a new stake in shares of iShares MSCI Italy ETF in the fourth quarter valued at about $27,000. Biltmore Family Office LLC bought a new stake in shares of iShares MSCI Italy ETF in the fourth quarter valued at about $28,000. Caitlin John LLC bought a new stake in shares of iShares MSCI Italy ETF in the third quarter valued at about $28,000. Strategic Advocates LLC lifted its stake in shares of 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 buying an additional 336 shares during the period. Finally, Fifth Third Bancorp bought a new stake in shares of iShares MSCI Italy ETF in the first quarter valued at about $39,000. 37.96% of the stock is currently owned by institutional investors.

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.