iShares MSCI Italy ETF (NYSEARCA:EWI) Sets New 52-Week High – Still a Buy?

Shares of iShares MSCI Italy ETF (NYSEARCA:EWI) reached a new 52-week high during trading on Tuesday . The company traded as high as $61.20 and last traded at $61.08, with a volume of 33719 shares. The stock had previously closed at $60.47.

iShares MSCI Italy ETF Stock Up 0.5%

The company has a market capitalization of $907.59 million, a PE ratio of 12.30 and a beta of 0.87. The stock’s fifty day simple moving average is $59.37 and its 200-day simple moving average is $56.72.

Institutional Investors Weigh In On iShares MSCI Italy ETF

A number of institutional investors and hedge funds have recently modified their holdings of EWI. Ameriprise Financial Inc. raised its holdings in iShares MSCI Italy ETF by 24.3% during the second quarter. Ameriprise Financial Inc. now owns 710,888 shares of the exchange traded fund’s stock worth $34,227,000 after purchasing an additional 139,088 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new stake in iShares MSCI Italy ETF in the fourth quarter valued at $6,490,000. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares MSCI Italy ETF by 112,701.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 117,314 shares of the exchange traded fund’s stock valued at $6,374,000 after buying an additional 117,210 shares in the last quarter. UBS Group AG increased its position in shares of iShares MSCI Italy ETF by 45.3% in the fourth quarter. UBS Group AG now owns 289,258 shares of the exchange traded fund’s stock valued at $15,715,000 after buying an additional 90,221 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of iShares MSCI Italy ETF by 21.5% during the 4th quarter. Schroder Investment Management Group now owns 499,500 shares of the exchange traded fund’s stock worth $27,268,000 after buying an additional 88,500 shares during the last quarter. 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.