iShares MSCI Italy ETF (NYSEARCA:EWI) Hits New 1-Year High – Time to Buy?

Shares of iShares MSCI Italy ETF (NYSEARCA:EWI) hit a new 52-week high on Wednesday . The stock traded as high as $61.27 and last traded at $61.12, with a volume of 11932 shares trading hands. The stock had previously closed at $60.52.

iShares MSCI Italy ETF Price Performance

The stock has a 50-day moving average price of $59.56 and a 200-day moving average price of $56.98. The company has a market capitalization of $926.88 million, a P/E ratio of 12.30 and a beta of 0.87.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Hilltop Partners LLC increased its stake in shares of iShares MSCI Italy ETF by 2.9% in the 4th quarter. Hilltop Partners LLC now owns 7,029 shares of the exchange traded fund’s stock valued at $382,000 after acquiring an additional 197 shares in the last quarter. Cobblestone Asset Management LLC lifted its position in shares of iShares MSCI Italy ETF by 2.5% during the 4th quarter. Cobblestone Asset Management LLC now owns 12,698 shares of the exchange traded fund’s stock valued at $690,000 after acquiring an additional 315 shares during the period. Strategic Advocates LLC lifted its position in shares of iShares MSCI Italy ETF by 94.9% during the 4th quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 336 shares during the period. NewEdge Advisors LLC boosted its stake in iShares MSCI Italy ETF by 41.4% during the second quarter. NewEdge Advisors LLC now owns 1,367 shares of the exchange traded fund’s stock worth $66,000 after acquiring an additional 400 shares in the last quarter. Finally, Contravisory Investment Management Inc. boosted its stake in iShares MSCI Italy ETF by 2.0% during the second quarter. Contravisory Investment Management Inc. now owns 23,232 shares of the exchange traded fund’s stock worth $1,376,000 after acquiring an additional 459 shares in the last quarter. Institutional investors 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.