iShares MSCI Italy ETF (NYSEARCA:EWI) Sees Strong Trading Volume – Here’s Why

iShares MSCI Italy ETF (NYSEARCA:EWI) shares saw strong trading volume on Tuesday . 734,849 shares were traded during trading, an increase of 97% from the previous session’s volume of 372,620 shares.The stock last traded at $56.5930 and had previously closed at $55.88.

iShares MSCI Italy ETF Stock Performance

The firm has a 50-day moving average price of $54.34 and a two-hundred day moving average price of $52.24. The firm has a market cap of $730.90 million, a price-to-earnings ratio of 12.30 and a beta of 1.01.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Providence First Trust Co acquired a new stake in shares of iShares MSCI Italy ETF during the 4th quarter valued at approximately $695,000. Montag A & Associates Inc. lifted its position in shares of iShares MSCI Italy ETF by 25.7% in the fourth quarter. Montag A & Associates Inc. now owns 65,301 shares of the exchange traded fund’s stock valued at $3,548,000 after acquiring an additional 13,341 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of iShares MSCI Italy ETF by 27.1% during the fourth quarter. Benjamin Edwards Inc. now owns 34,344 shares of the exchange traded fund’s stock worth $1,866,000 after buying an additional 7,313 shares in the last quarter. UBS Group AG increased its stake in 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 valued at $15,715,000 after purchasing an additional 90,221 shares during the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of iShares MSCI Italy ETF in the fourth quarter worth approximately $6,490,000. 37.96% of the stock is currently owned by institutional investors and hedge funds.

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.