iShares MSCI Italy ETF (NYSEARCA:EWI) Sets New 12-Month High – Time to Buy?

iShares MSCI Italy ETF (NYSEARCA:EWI) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $56.25 and last traded at $56.20, with a volume of 38623 shares. The stock had previously closed at $55.39.

iShares MSCI Italy ETF Trading Up 0.6%

The company has a market cap of $724.59 million, a P/E ratio of 12.30 and a beta of 1.01. The stock’s 50 day moving average is $54.05 and its 200-day moving average is $52.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Caitlin John LLC bought a new stake in iShares MSCI Italy ETF during the third quarter valued at approximately $28,000. NewEdge Advisors LLC grew its holdings in shares of 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. Riggs Asset Managment Co. Inc. bought a new stake in iShares MSCI Italy ETF during the second quarter worth approximately $64,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in iShares MSCI Italy ETF during the fourth quarter worth $168,000. Finally, Simplex Trading LLC grew its holdings in iShares MSCI Italy ETF by 365.8% during the 2nd quarter. Simplex Trading LLC now owns 3,307 shares of the exchange traded fund’s stock valued at $159,000 after purchasing an additional 2,597 shares during the last quarter. 37.96% of the stock is owned by hedge funds and other 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.