iShares MSCI Switzerland ETF (NYSEARCA:EWL) Hits New 1-Year High – What’s Next?

Shares of iShares MSCI Switzerland ETF (NYSEARCA:EWL) hit a new 52-week high during trading on Friday . The company traded as high as $60.90 and last traded at $60.8950, with a volume of 431448 shares changing hands. The stock had previously closed at $60.59.

iShares MSCI Switzerland ETF Trading Up 0.4%

The company’s 50 day moving average price is $59.03 and its two-hundred day moving average price is $56.63. The firm has a market cap of $1.64 billion, a PE ratio of 21.82 and a beta of 0.81.

Institutional Trading of iShares MSCI Switzerland ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of EWL. Capital Investment Advisory Services LLC bought a new stake in iShares MSCI Switzerland ETF during the 4th quarter worth approximately $54,000. Ameliora Wealth Management Ltd. increased its stake in shares of iShares MSCI Switzerland ETF by 4.4% in the fourth quarter. Ameliora Wealth Management Ltd. now owns 28,748 shares of the exchange traded fund’s stock worth $1,724,000 after purchasing an additional 1,220 shares in the last quarter. Warner Financial Inc. bought a new stake in shares of iShares MSCI Switzerland ETF during the 4th quarter valued at $214,000. Aspiriant LLC purchased a new position in shares of iShares MSCI Switzerland ETF during the 4th quarter valued at $294,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of iShares MSCI Switzerland ETF during the 4th quarter valued at $479,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

About iShares MSCI Switzerland ETF

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The 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 Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.