iShares MSCI Italy ETF (NYSEARCA:EWI) Sets New 1-Year High – Here’s Why

iShares MSCI Italy ETF (NYSEARCA:EWI) hit a new 52-week high during trading on Tuesday . The company traded as high as $61.20 and last traded at $61.08, with a volume of 33719 shares trading hands. The stock had previously closed at $60.47.

iShares MSCI Italy ETF Price Performance

The company has a market cap of $907.59 million, a price-to-earnings ratio of 12.30 and a beta of 0.87. The business’s 50-day simple moving average is $59.37 and its 200-day simple moving average is $56.72.

Institutional Investors Weigh In On iShares MSCI Italy ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hilltop Partners LLC grew its holdings in iShares MSCI Italy ETF by 2.9% during the 4th quarter. Hilltop Partners LLC now owns 7,029 shares of the exchange traded fund’s stock valued at $382,000 after buying an additional 197 shares during the last quarter. Cobblestone Asset Management LLC raised its holdings in shares of iShares MSCI Italy ETF by 2.5% in the fourth quarter. Cobblestone Asset Management LLC now owns 12,698 shares of the exchange traded fund’s stock worth $690,000 after acquiring an additional 315 shares during the last quarter. Strategic Advocates LLC lifted its position 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 acquiring an additional 336 shares in the last quarter. Arlington Capital Management Inc. lifted its position in shares of iShares MSCI Italy ETF by 0.6% in the fourth quarter. Arlington Capital Management Inc. now owns 60,524 shares of the exchange traded fund’s stock valued at $3,288,000 after acquiring an additional 360 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of iShares MSCI Italy ETF by 41.4% during the second quarter. NewEdge Advisors LLC now owns 1,367 shares of the exchange traded fund’s stock valued at $66,000 after acquiring an additional 400 shares during the last quarter. 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.