iShares MSCI Italy ETF (NYSEARCA:EWI) Sets New 52-Week High – Here’s Why

iShares MSCI Italy ETF (NYSEARCA:EWI) hit a new 52-week high on Wednesday . The stock traded as high as $54.55 and last traded at $54.5050, with a volume of 9936 shares traded. The stock had previously closed at $54.40.

iShares MSCI Italy ETF Stock Up 0.3%

The firm’s 50-day moving average price is $52.64 and its 200 day moving average price is $50.79. The firm has a market cap of $654.72 million, a P/E ratio of 12.30 and a beta of 1.01.

Institutional Investors Weigh In On iShares MSCI Italy ETF

Large investors have recently made changes to their positions in the company. Invesco Ltd. purchased a new stake in iShares MSCI Italy ETF in the 1st quarter worth about $247,000. Wellington Management Group LLP purchased a new position in iShares MSCI Italy ETF during the 1st quarter valued at about $208,000. The Manufacturers Life Insurance Company acquired a new position in shares of iShares MSCI Italy ETF in the 1st quarter valued at about $42,390,000. Integrated Wealth Concepts LLC lifted its position in shares of iShares MSCI Italy ETF by 445.3% in the first quarter. Integrated Wealth Concepts LLC now owns 38,306 shares of the exchange traded fund’s stock worth $1,621,000 after purchasing an additional 31,281 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of iShares MSCI Italy ETF by 1,596.5% during the first quarter. NewEdge Advisors LLC now owns 967 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 910 shares during the period. Institutional investors and hedge funds own 37.96% of the company’s stock.

iShares MSCI Italy ETF Company Profile

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped 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 Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan Stock Exchange. The Underlying 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 Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.