Envestnet Asset Management Inc. Cuts Stock Holdings in iShares MSCI Switzerland ETF $EWL

Envestnet Asset Management Inc. lowered its position in shares of iShares MSCI Switzerland ETF (NYSEARCA:EWL) by 24.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,410 shares of the exchange traded fund’s stock after selling 19,818 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.25% of iShares MSCI Switzerland ETF worth $3,337,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of iShares MSCI Switzerland ETF during the second quarter worth approximately $38,000. HB Wealth Management LLC purchased a new stake in shares of iShares MSCI Switzerland ETF during the third quarter worth $202,000. LGL Partners LLC purchased a new stake in shares of iShares MSCI Switzerland ETF during the second quarter worth $203,000. Trek Financial LLC acquired a new stake in shares of iShares MSCI Switzerland ETF in the second quarter valued at about $211,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of iShares MSCI Switzerland ETF in the third quarter worth about $221,000. 68.30% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Switzerland ETF Trading Up 0.8%

EWL opened at $64.82 on Wednesday. iShares MSCI Switzerland ETF has a twelve month low of $46.22 and a twelve month high of $64.99. The firm has a market capitalization of $1.74 billion, a PE ratio of 21.82 and a beta of 0.81. The firm’s 50-day moving average price is $61.52 and its 200 day moving average price is $58.07.

iShares MSCI Switzerland ETF 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). 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.