iShares MSCI Spain ETF (NYSEARCA:EWP) Reaches New 52-Week High – Time to Buy?

iShares MSCI Spain ETF (NYSEARCA:EWP) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $57.89 and last traded at $57.5410, with a volume of 42397 shares traded. The stock had previously closed at $57.02.

iShares MSCI Spain ETF Stock Up 0.4%

The stock has a market capitalization of $1.91 billion, a PE ratio of 10.89 and a beta of 0.86. The stock’s 50-day moving average is $55.09 and its 200 day moving average is $51.52.

Institutional Trading of iShares MSCI Spain ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in iShares MSCI Spain ETF by 14.0% during the first quarter. Royal Bank of Canada now owns 14,860 shares of the exchange traded fund’s stock valued at $565,000 after purchasing an additional 1,830 shares during the last quarter. Stephens Inc. AR purchased a new stake in shares of iShares MSCI Spain ETF during the 2nd quarter worth about $203,000. Brookstone Capital Management purchased a new stake in shares of iShares MSCI Spain ETF during the 2nd quarter worth about $230,000. Nisa Investment Advisors LLC lifted its holdings in shares of 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 valued at $48,000 after buying an additional 310 shares during the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in shares of iShares MSCI Spain ETF in the 2nd quarter valued at approximately $627,000. 38.17% of the stock is currently owned by hedge funds and other 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.