Contravisory Investment Management Inc. Purchases New Stake in iShares MSCI Italy ETF $EWI

Contravisory Investment Management Inc. acquired a new position in iShares MSCI Italy ETF (NYSEARCA:EWI) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,848 shares of the exchange traded fund’s stock, valued at approximately $1,283,000. Contravisory Investment Management Inc. owned 0.11% of iShares MSCI Italy ETF at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Pacifica Partners Inc. bought a new stake in iShares MSCI Italy ETF in the second quarter valued at about $30,000. Fifth Third Bancorp bought a new position in iShares MSCI Italy ETF during the first quarter worth about $39,000. JGP Wealth Management LLC acquired a new stake in iShares MSCI Italy ETF during the third quarter valued at approximately $215,000. Empowered Funds LLC acquired a new stake in iShares MSCI Italy ETF during the first quarter valued at approximately $233,000. Finally, Bank of New York Mellon Corp grew its stake in shares of iShares MSCI Italy ETF by 20.4% in the 1st quarter. Bank of New York Mellon Corp now owns 6,536 shares of the exchange traded fund’s stock valued at $349,000 after purchasing an additional 1,107 shares during the period. Institutional investors and hedge funds own 37.96% of the company’s stock.

iShares MSCI Italy ETF Price Performance

Shares of EWI traded up $0.49 during mid-day trading on Tuesday, reaching $56.66. The company had a trading volume of 332,778 shares, compared to its average volume of 462,522. The company has a market capitalization of $1.15 billion, a P/E ratio of 12.30 and a beta of 0.88. iShares MSCI Italy ETF has a twelve month low of $50.05 and a twelve month high of $63.76. The company’s 50-day moving average is $61.03 and its 200-day moving average is $59.45.

About iShares MSCI Italy ETF

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.