Royal Bank of Canada Sells 199,601 Shares of iShares MSCI Switzerland ETF $EWL

Royal Bank of Canada cut its holdings in iShares MSCI Switzerland ETF (NYSEARCA:EWL) by 77.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,768 shares of the exchange traded fund’s stock after selling 199,601 shares during the quarter. Royal Bank of Canada’s holdings in iShares MSCI Switzerland ETF were worth $3,338,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Bayban acquired a new stake in shares of iShares MSCI Switzerland ETF in the 4th quarter valued at approximately $35,000. Howe & Rusling Inc. bought a new stake in shares of iShares MSCI Switzerland ETF during the 1st quarter valued at approximately $39,000. Advisory Services Network LLC bought a new stake in shares of iShares MSCI Switzerland ETF during the 3rd quarter valued at approximately $44,000. Harbour Investments Inc. increased its position in iShares MSCI Switzerland ETF by 359.2% during the 4th quarter. Harbour Investments Inc. now owns 822 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 643 shares in the last quarter. Finally, Barclays PLC increased its position in iShares MSCI Switzerland ETF by 4,229.2% during the 4th quarter. Barclays PLC now owns 1,039 shares of the exchange traded fund’s stock worth $62,000 after purchasing an additional 1,015 shares in the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Switzerland ETF Price Performance

Shares of NYSEARCA:EWL opened at $63.27 on Friday. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 21.82 and a beta of 0.77. The firm has a 50 day simple moving average of $62.78 and a 200 day simple moving average of $61.88. iShares MSCI Switzerland ETF has a one year low of $53.70 and a one year high of $65.53.

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.