Hsbc Holdings PLC Reduces Stock Position in iShares MSCI Italy ETF $EWI

Hsbc Holdings PLC cut its holdings in iShares MSCI Italy ETF (NYSEARCA:EWI) by 25.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,357,883 shares of the exchange traded fund’s stock after selling 806,382 shares during the period. Hsbc Holdings PLC owned about 20.54% of iShares MSCI Italy ETF worth $125,958,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. DV Equities LLC purchased a new position in shares of iShares MSCI Italy ETF in the 4th quarter valued at about $27,000. Biltmore Family Office LLC purchased a new stake in iShares MSCI Italy ETF during the fourth quarter worth approximately $28,000. Strategic Advocates LLC lifted its stake in iShares MSCI Italy ETF by 94.9% during the fourth quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 336 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in iShares MSCI Italy ETF by 186.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 857 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 558 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in iShares MSCI Italy ETF by 1,596.5% in the first quarter. NewEdge Advisors LLC now owns 967 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 910 shares in the last quarter. 37.96% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Italy ETF Stock Down 0.5%

Shares of iShares MSCI Italy ETF stock opened at $60.26 on Friday. The firm has a market capitalization of $912.94 million, a P/E ratio of 12.30 and a beta of 0.87. iShares MSCI Italy ETF has a 52 week low of $47.52 and a 52 week high of $61.20. The firm’s 50 day moving average is $59.52 and its two-hundred day moving average is $56.88.

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.