iShares MSCI Italy ETF (NYSEARCA:EWI) Hits New 12-Month High – Should You Buy?

iShares MSCI Italy ETF (NYSEARCA:EWI) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $60.27 and last traded at $60.12, with a volume of 17069 shares. The stock had previously closed at $58.65.

iShares MSCI Italy ETF Trading Down 1.4%

The company has a market cap of $673.42 million, a price-to-earnings ratio of 12.30 and a beta of 0.87. The firm has a 50-day moving average price of $57.83 and a 200 day moving average price of $55.61.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. DV Equities LLC acquired a new position in shares of iShares MSCI Italy ETF in the 4th quarter worth approximately $27,000. Caitlin John LLC acquired a new position in shares of iShares MSCI Italy ETF in the 3rd quarter worth approximately $28,000. Biltmore Family Office LLC acquired a new position in shares of iShares MSCI Italy ETF in the 4th quarter worth approximately $28,000. Strategic Advocates LLC grew its position in shares of iShares MSCI Italy ETF by 94.9% in the 4th quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 336 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of iShares MSCI Italy ETF in the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 37.96% of the company’s stock.

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.