iShares MSCI Switzerland ETF (NYSEARCA:EWL) Reaches New 52-Week High – What’s Next?

iShares MSCI Switzerland ETF (NYSEARCA:EWL) hit a new 52-week high during trading on Monday . The stock traded as high as $54.84 and last traded at $54.77, with a volume of 138128 shares traded. The stock had previously closed at $54.41.

iShares MSCI Switzerland ETF Trading Up 1.1%

The company’s fifty day simple moving average is $52.22 and its 200 day simple moving average is $49.90. The firm has a market capitalization of $1.25 billion, a P/E ratio of 24.37 and a beta of 0.82.

Hedge Funds Weigh In On iShares MSCI Switzerland ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of iShares MSCI Switzerland ETF by 1.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 17,026 shares of the exchange traded fund’s stock worth $882,000 after acquiring an additional 200 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in iShares MSCI Switzerland ETF by 17.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,669 shares of the exchange traded fund’s stock worth $86,000 after purchasing an additional 252 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in shares of iShares MSCI Switzerland ETF by 2.1% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 22,410 shares of the exchange traded fund’s stock valued at $1,030,000 after purchasing an additional 454 shares in the last quarter. AlphaCore Capital LLC purchased a new position in shares of iShares MSCI Switzerland ETF during the first quarter valued at approximately $28,000. Finally, GenTrust LLC boosted its position in shares of iShares MSCI Switzerland ETF by 2.4% in the 1st quarter. GenTrust LLC now owns 24,781 shares of the exchange traded fund’s stock worth $1,283,000 after purchasing an additional 571 shares in the last quarter.

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).