iShares MSCI Switzerland ETF (NYSEARCA:EWL) Hits New 52-Week High – Here’s What Happened

Shares of iShares MSCI Switzerland ETF (NYSEARCA:EWL) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $63.61 and last traded at $63.45, with a volume of 421828 shares. The stock had previously closed at $63.09.

iShares MSCI Switzerland ETF Trading Up 0.6%

The company has a 50-day simple moving average of $60.25 and a 200 day simple moving average of $57.26. The company has a market cap of $1.71 billion, a P/E ratio of 21.82 and a beta of 0.81.

Institutional Investors Weigh In On iShares MSCI Switzerland ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EWL. Edmond DE Rothschild Holding S.A. purchased a new position in shares of iShares MSCI Switzerland ETF during the second quarter worth approximately $38,000. Advisory Services Network LLC purchased a new position in iShares MSCI Switzerland ETF during the 3rd quarter worth $44,000. Harbour Investments Inc. increased its holdings in iShares MSCI Switzerland ETF by 359.2% during the 4th quarter. Harbour Investments Inc. now owns 822 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 643 shares during the period. MAI Capital Management raised its position in iShares MSCI Switzerland ETF by 631.1% during the 3rd quarter. MAI Capital Management now owns 965 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 833 shares in the last quarter. Finally, Capital Investment Advisory Services LLC bought a new stake in iShares MSCI Switzerland ETF during the 4th quarter valued at $54,000. Institutional investors own 68.30% of the company’s stock.

About iShares MSCI Switzerland ETF

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The 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 Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.