iShares MSCI Spain ETF (NYSEARCA:EWP) Sets New 52-Week High – Should You Buy?

iShares MSCI Spain ETF (NYSEARCA:EWP)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $54.19 and last traded at $54.1550, with a volume of 9181 shares changing hands. The stock had previously closed at $53.80.

iShares MSCI Spain ETF Stock Performance

The business has a fifty day moving average of $51.62 and a two-hundred day moving average of $48.42. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 10.89 and a beta of 0.86.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Large investors have recently bought and sold shares of the company. BOKF NA acquired a new position in shares of iShares MSCI Spain ETF during the third quarter worth $25,000. Nisa Investment Advisors LLC grew its holdings in iShares MSCI Spain ETF by 39.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,100 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 310 shares during the period. Private Trust Co. NA raised its position in shares of iShares MSCI Spain ETF by 879.8% in the 2nd quarter. Private Trust Co. NA now owns 1,117 shares of the exchange traded fund’s stock worth $49,000 after acquiring an additional 1,003 shares in the last quarter. Riggs Asset Managment Co. Inc. acquired a new position in shares of iShares MSCI Spain ETF in the 2nd quarter valued at about $63,000. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of iShares MSCI Spain ETF by 33.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,183 shares of the exchange traded fund’s stock valued at $108,000 after purchasing an additional 545 shares in the last quarter. 38.17% of the stock is currently owned by institutional investors.

iShares MSCI Spain ETF Company Profile

iShares MSCI Spain Capped ETF, formerly iShares MSCI Spain Index Fund, is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Spanish market, as measured by the MSCI Spain Index (the Index). The Index seeks to measure the performance of the Spanish equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.