iShares MSCI Netherlands ETF (NYSEARCA:EWN) Reaches New 12-Month High – What’s Next?

iShares MSCI Netherlands ETF (NYSEARCA:EWN)’s share price reached a new 52-week high on Thursday . The stock traded as high as $71.20 and last traded at $71.09, with a volume of 18520 shares trading hands. The stock had previously closed at $70.60.

iShares MSCI Netherlands ETF Trading Up 1.4%

The business’s 50-day simple moving average is $68.10 and its 200-day simple moving average is $64.29. The company has a market cap of $658.35 million, a PE ratio of 19.71 and a beta of 1.13.

Hedge Funds Weigh In On iShares MSCI Netherlands ETF

Hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its position in iShares MSCI Netherlands ETF by 22.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 931,889 shares of the exchange traded fund’s stock valued at $53,146,000 after purchasing an additional 172,502 shares during the last quarter. Lido Advisors LLC increased its position in iShares MSCI Netherlands ETF by 157.0% in the 1st quarter. Lido Advisors LLC now owns 163,571 shares of the exchange traded fund’s stock worth $9,407,000 after purchasing an additional 99,925 shares during the last quarter. Bank of America Corp DE increased its position in iShares MSCI Netherlands ETF by 864.0% in the 3rd quarter. Bank of America Corp DE now owns 76,388 shares of the exchange traded fund’s stock worth $4,431,000 after purchasing an additional 68,464 shares during the last quarter. HighTower Advisors LLC increased its position in iShares MSCI Netherlands ETF by 3.0% in the 4th quarter. HighTower Advisors LLC now owns 67,806 shares of the exchange traded fund’s stock worth $3,867,000 after purchasing an additional 1,989 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of iShares MSCI Netherlands ETF by 74.1% during the 1st quarter. Royal Bank of Canada now owns 55,971 shares of the exchange traded fund’s stock worth $3,219,000 after purchasing an additional 23,828 shares in the last quarter.

iShares MSCI Netherlands ETF Company Profile

iShares MSCI Netherlands ETF, formerly iShares MSCI Netherlands Investable Market 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 Netherlands Investable Market Index (the Index). The Index consists of stocks traded primarily on the Amsterdam Stock Exchange. Components primarily include consumer staples, financial and industrials companies. The Fund invests in a particular segment of the securities markets and seeks to track the performance of a securities index that generally is not representative of the market as a whole.