iShares MSCI Switzerland ETF (NYSEARCA:EWL) Reaches New 1-Year High – Should You Buy?

iShares MSCI Switzerland ETF (NYSEARCA:EWL)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $59.08 and last traded at $59.06, with a volume of 489206 shares. The stock had previously closed at $58.37.

iShares MSCI Switzerland ETF Price Performance

The firm’s 50 day moving average price is $57.05 and its 200-day moving average price is $55.62. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 21.82 and a beta of 0.81.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EWL. Tiemann Investment Advisors LLC acquired a new position in shares of iShares MSCI Switzerland ETF in the 1st quarter valued at $206,000. ABC Arbitrage SA acquired a new stake in shares of iShares MSCI Switzerland ETF during the 2nd quarter valued at about $635,000. Bank Julius Baer & Co. Ltd Zurich increased its stake in iShares MSCI Switzerland ETF by 6.7% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 168,171 shares of the exchange traded fund’s stock valued at $9,217,000 after acquiring an additional 10,628 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in iShares MSCI Switzerland ETF by 4.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,695 shares of the exchange traded fund’s stock valued at $422,000 after acquiring an additional 341 shares during the period. Finally, Creative Planning raised its position in iShares MSCI Switzerland ETF by 6.9% in the second quarter. Creative Planning now owns 45,624 shares of the exchange traded fund’s stock worth $2,501,000 after purchasing an additional 2,953 shares in the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

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).