iShares MSCI Switzerland ETF (NYSEARCA:EWL) Sets New 1-Year High – Still a Buy?

iShares MSCI Switzerland ETF (NYSEARCA:EWL)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $58.25 and last traded at $58.2250, with a volume of 90959 shares changing hands. The stock had previously closed at $57.67.

iShares MSCI Switzerland ETF Stock Performance

The firm has a market capitalization of $1.39 billion, a P/E ratio of 21.82 and a beta of 0.81. The stock’s 50 day simple moving average is $56.11 and its 200 day simple moving average is $55.08.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Allworth Financial LP raised its position in iShares MSCI Switzerland ETF by 71.4% during the 1st quarter. Allworth Financial LP now owns 1,472 shares of the exchange traded fund’s stock valued at $78,000 after purchasing an additional 613 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of iShares MSCI Switzerland ETF during the first quarter valued at $207,000. Lunt Capital Management Inc. purchased a new position in shares of iShares MSCI Switzerland ETF during the first quarter valued at $209,000. Mount Lucas Management LP bought a new stake in shares of iShares MSCI Switzerland ETF in the first quarter valued at about $783,000. Finally, Banque Cantonale Vaudoise purchased a new stake in iShares MSCI Switzerland ETF in the first quarter worth about $423,000. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Switzerland ETF Company Profile

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).