iShares MSCI Netherlands ETF (NYSEARCA:EWN) Reaches New 1-Year High – Here’s Why

Shares of iShares MSCI Netherlands ETF (NYSEARCA:EWN) hit a new 52-week high during trading on Tuesday . The stock traded as high as $68.60 and last traded at $68.60, with a volume of 1884 shares traded. The stock had previously closed at $66.64.

iShares MSCI Netherlands ETF Stock Up 0.9%

The firm has a market cap of $504.15 million, a P/E ratio of 19.71 and a beta of 1.14. The firm’s 50-day simple moving average is $63.56 and its 200 day simple moving average is $61.09.

Institutional Trading of iShares MSCI Netherlands ETF

Several hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its position in iShares MSCI Netherlands ETF by 22.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 931,889 shares of the exchange traded fund’s stock worth $53,146,000 after acquiring an additional 172,502 shares during the period. Lido Advisors LLC raised its position in shares of iShares MSCI Netherlands ETF by 157.0% in the first quarter. Lido Advisors LLC now owns 163,571 shares of the exchange traded fund’s stock valued at $9,407,000 after purchasing an additional 99,925 shares during the period. Bank of America Corp DE raised its position in shares of iShares MSCI Netherlands ETF by 864.0% in the third quarter. Bank of America Corp DE now owns 76,388 shares of the exchange traded fund’s stock valued at $4,431,000 after purchasing an additional 68,464 shares during the period. HighTower Advisors LLC raised its position in shares of iShares MSCI Netherlands ETF by 3.0% in the fourth quarter. HighTower Advisors LLC now owns 67,806 shares of the exchange traded fund’s stock valued at $3,867,000 after purchasing an additional 1,989 shares during the period. Finally, Royal Bank of Canada raised its position in shares of iShares MSCI Netherlands ETF by 74.1% in the first quarter. Royal Bank of Canada now owns 55,971 shares of the exchange traded fund’s stock valued at $3,219,000 after purchasing an additional 23,828 shares during the period.

iShares MSCI Netherlands ETF Company Profile

iShares MSCI Netherlands ETF, formerly iShares MSCI Netherlands Investable Market 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 Netherlands Investable Market Index (the Index). The Index consists of stocks traded primarily on the Amsterdam Stock Exchange. Components primarily include consumer staples, financial and industrials companies. The Fund invests in a particular segment of the securities markets and seeks to track the performance of a securities index that generally is not representative of the market as a whole.