iShares MSCI Italy ETF (NYSEARCA:EWI) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares MSCI Italy ETF (NYSEARCA:EWI) saw strong trading volume on Thursday. Approximately 1,389,373 shares traded hands during mid-day trading, an increase of 210% from the previous session’s volume of 448,640 shares. The stock last traded at $55.9250 and had previously closed at $56.35.

iShares MSCI Italy ETF Price Performance

The company’s 50-day moving average is $61.38 and its two-hundred day moving average is $59.35. The firm has a market cap of $1.13 billion, a P/E ratio of 12.30 and a beta of 0.88.

Institutional Trading of iShares MSCI Italy ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Parkway Wealth Management Group LLC boosted its holdings in shares of iShares MSCI Italy ETF by 1.5% in the 1st 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 in the last quarter. Cairn Investment Group Inc. bought a new stake in shares of iShares MSCI Italy ETF during the 2nd quarter worth $15,604,000. Nilsine Partners LLC lifted its position in shares of iShares MSCI Italy ETF by 1.6% during the 2nd quarter. Nilsine Partners LLC now owns 179,139 shares of the exchange traded fund’s stock worth $10,612,000 after buying an additional 2,900 shares during the last quarter. Moran Wealth Management LLC boosted its stake in iShares MSCI Italy ETF by 13.3% in the first quarter. Moran Wealth Management LLC now owns 176,338 shares of the exchange traded fund’s stock valued at $9,420,000 after buying an additional 20,764 shares in the last quarter. Finally, CacheTech Inc. boosted its stake in iShares MSCI Italy ETF by 2.4% in the first quarter. CacheTech Inc. now owns 155,026 shares of the exchange traded fund’s stock valued at $8,281,000 after buying an additional 3,668 shares in the last quarter. Institutional investors own 37.96% of the company’s stock.

About iShares MSCI Italy ETF

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.