iShares MSCI Switzerland ETF (NYSEARCA:EWL) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares MSCI Switzerland ETF (NYSEARCA:EWL) saw an uptick in trading volume on Wednesday . 560,210 shares changed hands during trading, an increase of 30% from the previous session’s volume of 431,869 shares.The stock last traded at $46.87 and had previously closed at $46.87.

iShares MSCI Switzerland ETF Stock Performance

The stock has a fifty day moving average of $47.48 and a 200 day moving average of $49.47. The company has a market capitalization of $1.11 billion, a PE ratio of 22.62 and a beta of 0.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EWL. FMR LLC lifted its holdings in shares of iShares MSCI Switzerland ETF by 36.8% in the 3rd quarter. FMR LLC now owns 11,258 shares of the exchange traded fund’s stock valued at $587,000 after acquiring an additional 3,026 shares during the last quarter. Polianta Ltd bought a new stake in shares of iShares MSCI Switzerland ETF in the 3rd quarter valued at approximately $12,014,000. Marotta Asset Management boosted its holdings in shares of iShares MSCI Switzerland ETF by 2.9% in the 3rd quarter. Marotta Asset Management now owns 12,910 shares of the exchange traded fund’s stock worth $673,000 after purchasing an additional 360 shares during the period. Boltwood Capital Management bought a new position in shares of iShares MSCI Switzerland ETF during the 3rd quarter valued at approximately $215,000. Finally, Compagnie Lombard Odier SCmA raised its holdings in iShares MSCI Switzerland ETF by 2.5% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 24,307 shares of the exchange traded fund’s stock valued at $1,266,000 after buying an additional 584 shares during the period.

About iShares MSCI Switzerland ETF

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index).