iShares MSCI Switzerland ETF (NYSEARCA:EWL) Reaches New 12-Month High – Should You Buy?

iShares MSCI Switzerland ETF (NYSEARCA:EWL)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $58.49 and last traded at $58.36, with a volume of 1839011 shares. The stock had previously closed at $57.69.

iShares MSCI Switzerland ETF Trading Down 0.2%

The stock’s 50-day moving average price is $56.91 and its 200-day moving average price is $55.53. The company has a market cap of $1.41 billion, a P/E ratio of 21.82 and a beta of 0.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EWL. Edmond DE Rothschild Holding S.A. bought a new position in shares of iShares MSCI Switzerland ETF during the 2nd quarter worth $38,000. Advisory Services Network LLC bought a new position in shares of iShares MSCI Switzerland ETF in the third quarter valued at approximately $44,000. MAI Capital Management grew its stake in iShares MSCI Switzerland ETF by 631.1% during the third quarter. MAI Capital Management now owns 965 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 833 shares in the last quarter. Parallel Advisors LLC bought a new position in shares of iShares MSCI Switzerland ETF in the second quarter worth $56,000. Finally, IFP Advisors Inc bought a new position in iShares MSCI Switzerland ETF in the 3rd quarter worth about $60,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

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).