Royal Bank of Canada Reduces Stake in iShares MSCI Italy ETF $EWI

Royal Bank of Canada lowered its position in iShares MSCI Italy ETF (NYSEARCA:EWI) by 29.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,859 shares of the exchange traded fund’s stock after selling 10,141 shares during the period. Royal Bank of Canada’s holdings in iShares MSCI Italy ETF were worth $1,274,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. DV Equities LLC bought a new position in iShares MSCI Italy ETF in the fourth quarter valued at about $27,000. Biltmore Family Office LLC purchased a new stake in shares of iShares MSCI Italy ETF during the 4th quarter valued at about $28,000. Strategic Advocates LLC increased its position in shares of iShares MSCI Italy ETF by 94.9% during the 4th quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 336 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of iShares MSCI Italy ETF in the 1st quarter worth approximately $39,000. Finally, NewEdge Advisors LLC lifted its stake in shares of iShares MSCI Italy ETF by 1,596.5% in the 1st quarter. NewEdge Advisors LLC now owns 967 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 910 shares during the period. Hedge funds and other institutional investors own 37.96% of the company’s stock.

iShares MSCI Italy ETF Trading Down 0.0%

EWI opened at $62.80 on Friday. The company’s 50 day moving average is $61.03 and its 200 day moving average is $58.07. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 12.30 and a beta of 0.87. iShares MSCI Italy ETF has a 12-month low of $50.05 and a 12-month high of $63.76.

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.