iShares MSCI Switzerland ETF (NYSEARCA:EWL) Hits New 1-Year High – Still a Buy?

iShares MSCI Switzerland ETF (NYSEARCA:EWL) shares hit a new 52-week high on Tuesday . The company traded as high as $64.23 and last traded at $64.1060, with a volume of 19056 shares trading hands. The stock had previously closed at $63.79.

iShares MSCI Switzerland ETF Price Performance

The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 21.82 and a beta of 0.81. The stock has a 50-day moving average price of $60.81 and a 200 day moving average price of $57.60.

Hedge Funds Weigh In On iShares MSCI Switzerland ETF

A number of institutional investors have recently modified their holdings of the business. ABC Arbitrage SA acquired a new position in shares of iShares MSCI Switzerland ETF during the second quarter worth about $635,000. Apollon Wealth Management LLC purchased a new stake in iShares MSCI Switzerland ETF in the 3rd quarter valued at approximately $521,000. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in iShares MSCI Switzerland ETF by 6.7% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 168,171 shares of the exchange traded fund’s stock valued at $9,217,000 after purchasing an additional 10,628 shares in the last quarter. Creative Planning increased its position in iShares MSCI Switzerland ETF by 6.9% during the 2nd quarter. Creative Planning now owns 45,624 shares of the exchange traded fund’s stock worth $2,501,000 after purchasing an additional 2,953 shares during the period. Finally, Pictet North America Advisors SA raised its stake in shares of iShares MSCI Switzerland ETF by 103.2% during the 3rd quarter. Pictet North America Advisors SA now owns 85,317 shares of the exchange traded fund’s stock worth $4,713,000 after buying an additional 43,331 shares in the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.

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.