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

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

iShares MSCI Italy ETF Trading Up 2.2%

The firm has a 50 day simple moving average of $59.81 and a two-hundred day simple moving average of $57.20. The company has a market capitalization of $1.04 billion, a PE ratio of 12.30 and a beta of 0.87.

Hedge Funds Weigh In On iShares MSCI Italy ETF

A number of large investors have recently made changes to their positions in the stock. DV Equities LLC acquired a new stake in shares of iShares MSCI Italy ETF in the fourth quarter valued at about $27,000. Biltmore Family Office LLC acquired a new position in iShares MSCI Italy ETF during the fourth quarter worth about $28,000. Strategic Advocates LLC increased its holdings in iShares MSCI Italy ETF by 94.9% in the fourth quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 336 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of iShares MSCI Italy ETF during the 1st quarter valued at approximately $39,000. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of iShares MSCI Italy ETF by 186.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 857 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 558 shares during the period. Hedge funds and other institutional investors own 37.96% of the company’s stock.

iShares MSCI Italy ETF Company Profile

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.