iShares MSCI Italy ETF (NYSEARCA:EWI) Sees Strong Trading Volume – Still a Buy?

iShares MSCI Italy ETF (NYSEARCA:EWI) shares saw strong trading volume on Thursday . Approximately 312,412 shares traded hands during mid-day trading, a decline of 33% from the previous session’s volume of 464,931 shares.The stock last traded at $59.84 and had previously closed at $61.06.

iShares MSCI Italy ETF Stock Down 2.0%

The company has a market cap of $942.32 million, a PE ratio of 12.30 and a beta of 0.87. The business has a 50-day simple moving average of $59.61 and a 200-day simple moving average of $57.02.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EWI. Ameriprise Financial Inc. grew its stake in iShares MSCI Italy ETF by 24.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 710,888 shares of the exchange traded fund’s stock valued at $34,227,000 after acquiring an additional 139,088 shares during the period. Parkway Wealth Management Group LLC grew its position in shares of iShares MSCI Italy ETF by 1.5% in the first quarter. Parkway Wealth Management Group LLC now owns 622,607 shares of the exchange traded fund’s stock valued at $35,507,000 after purchasing an additional 9,250 shares during the period. Schroder Investment Management Group increased its stake in shares of iShares MSCI Italy ETF by 21.5% during the fourth quarter. Schroder Investment Management Group now owns 499,500 shares of the exchange traded fund’s stock worth $27,268,000 after purchasing an additional 88,500 shares in the last quarter. UBS Group AG increased its stake in shares of iShares MSCI Italy ETF by 45.3% during the fourth quarter. UBS Group AG now owns 289,258 shares of the exchange traded fund’s stock worth $15,715,000 after purchasing an additional 90,221 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of iShares MSCI Italy ETF by 9.0% during the 4th quarter. LPL Financial LLC now owns 244,532 shares of the exchange traded fund’s stock worth $13,285,000 after purchasing an additional 20,249 shares during the last quarter. 37.96% of the stock is owned by institutional investors and hedge funds.

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.