iShares MSCI Italy ETF (NYSEARCA:EWI) Reaches New 52-Week High – Should You Buy?

iShares MSCI Italy ETF (NYSEARCA:EWI) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $63.28 and last traded at $63.21, with a volume of 660436 shares. The stock had previously closed at $62.39.

iShares MSCI Italy ETF Stock Down 0.0%

The company has a market cap of $1.07 billion, a P/E ratio of 12.30 and a beta of 0.87. The business has a fifty day simple moving average of $60.24 and a two-hundred day simple moving average of $57.52.

Institutional Trading of iShares MSCI Italy ETF

Several large investors have recently added to or reduced their stakes in EWI. Montag A & Associates Inc. raised its stake in iShares MSCI Italy ETF by 25.7% in the fourth quarter. Montag A & Associates Inc. now owns 65,301 shares of the exchange traded fund’s stock worth $3,548,000 after buying an additional 13,341 shares in the last quarter. Parkway Wealth Management Group LLC boosted its holdings in 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 last quarter. Providence First Trust Co acquired a new position in shares of iShares MSCI Italy ETF in the 4th quarter valued at $695,000. Moran Wealth Management LLC raised its stake in shares of iShares MSCI Italy ETF by 13.3% during the 1st quarter. Moran Wealth Management LLC now owns 176,338 shares of the exchange traded fund’s stock worth $9,420,000 after buying an additional 20,764 shares during the period. Finally, Arlington Capital Management Inc. lifted its holdings in iShares MSCI Italy ETF by 69.0% during the first quarter. Arlington Capital Management Inc. now owns 102,278 shares of the exchange traded fund’s stock valued at $5,464,000 after purchasing an additional 41,754 shares in the last quarter. 37.96% of the stock is currently owned by institutional investors.

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.