iShares MSCI Italy ETF (NYSEARCA:EWI) Reaches New 52-Week High – Should You Buy?

iShares MSCI Italy ETF (NYSEARCA:EWI) shares reached a new 52-week high on Thursday . The stock traded as high as $61.27 and last traded at $61.26, with a volume of 39249 shares changing hands. The stock had previously closed at $60.09.

iShares MSCI Italy ETF Stock Performance

The firm has a market cap of $1.04 billion, a P/E ratio of 12.30 and a beta of 0.87. The business’s 50-day simple moving average is $59.81 and its 200 day simple moving average is $57.20.

Institutional Trading of iShares MSCI Italy ETF

Large investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its stake in shares of iShares MSCI Italy ETF by 24.3% in the second quarter. Ameriprise Financial Inc. now owns 710,888 shares of the exchange traded fund’s stock worth $34,227,000 after buying an additional 139,088 shares during the period. Parkway Wealth Management Group LLC lifted its stake in shares of iShares MSCI Italy ETF by 1.5% during the first quarter. Parkway Wealth Management Group LLC now owns 622,607 shares of the exchange traded fund’s stock worth $35,507,000 after buying an additional 9,250 shares during the period. Schroder Investment Management Group lifted its position in iShares MSCI Italy ETF by 21.5% during the 4th quarter. Schroder Investment Management Group now owns 499,500 shares of the exchange traded fund’s stock worth $27,268,000 after acquiring an additional 88,500 shares during the period. UBS Group AG boosted its stake in shares of iShares MSCI Italy ETF by 45.3% in the fourth quarter. UBS Group AG now owns 289,258 shares of the exchange traded fund’s stock worth $15,715,000 after buying an additional 90,221 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in iShares MSCI Italy ETF by 9.0% during the fourth quarter. LPL Financial LLC now owns 244,532 shares of the exchange traded fund’s stock valued at $13,285,000 after purchasing an additional 20,249 shares in the last quarter. 37.96% of the stock is currently owned by institutional investors.

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.