iShares MSCI Netherlands ETF (NYSEARCA:EWN) Reaches New 1-Year High – Time to Buy?

Shares of iShares MSCI Netherlands ETF (NYSEARCA:EWN) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $70.37 and last traded at $70.04, with a volume of 7359 shares. The stock had previously closed at $69.73.

iShares MSCI Netherlands ETF Trading Up 0.2%

The stock has a market capitalization of $524.10 million, a P/E ratio of 19.71 and a beta of 1.14. The stock has a 50 day moving average of $64.49 and a 200-day moving average of $61.43.

Hedge Funds Weigh In On iShares MSCI Netherlands ETF

Institutional investors have recently modified their holdings of the stock. Trek Financial LLC purchased a new position in shares of iShares MSCI Netherlands ETF during the fourth quarter worth approximately $705,000. Idaho Trust Co increased its position in shares of iShares MSCI Netherlands ETF by 90.2% during the fourth quarter. Idaho Trust Co now owns 23,731 shares of the exchange traded fund’s stock worth $1,353,000 after acquiring an additional 11,255 shares during the period. Vertex Investment Solutions Co. Ltd. purchased a new position in shares of iShares MSCI Netherlands ETF during the fourth quarter worth approximately $1,049,000. Meeder Asset Management Inc. purchased a new position in shares of iShares MSCI Netherlands ETF during the first quarter worth approximately $481,000. Finally, Hsbc Holdings PLC increased its position in shares of iShares MSCI Netherlands ETF by 30.6% during the fourth quarter. Hsbc Holdings PLC now owns 11,578 shares of the exchange traded fund’s stock worth $660,000 after acquiring an additional 2,710 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.