iShares MSCI Italy ETF (NYSEARCA:EWI) Reaches New 12-Month High – Still a Buy?

iShares MSCI Italy ETF (NYSEARCA:EWI) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $55.29 and last traded at $55.4150, with a volume of 82265 shares changing hands. The stock had previously closed at $55.16.

iShares MSCI Italy ETF Stock Up 0.8%

The company’s 50-day moving average is $53.06 and its two-hundred day moving average is $51.13. The company has a market capitalization of $717.18 million, a P/E ratio of 12.30 and a beta of 1.01.

Institutional Trading of iShares MSCI Italy ETF

A number of hedge funds have recently made changes to their positions in EWI. DAVENPORT & Co LLC bought a new stake in shares of iShares MSCI Italy ETF in the 3rd quarter worth approximately $1,145,000. ABC Arbitrage SA purchased a new position in iShares MSCI Italy ETF in the 2nd quarter worth $1,784,000. Tradewinds Capital Management LLC lifted its stake in iShares MSCI Italy ETF by 11.6% in the third quarter. Tradewinds Capital Management LLC now owns 704,794 shares of the exchange traded fund’s stock worth $36,614,000 after purchasing an additional 73,052 shares during the last quarter. VestGen Advisors LLC bought a new stake in iShares MSCI Italy ETF in the second quarter worth $2,393,000. Finally, Ocean Park Asset Management LLC purchased a new stake in iShares MSCI Italy ETF during the third quarter valued at about $7,027,000. 37.96% of the stock is 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.