iShares MSCI Spain ETF (NYSEARCA:EWP) Hits New 52-Week High – What’s Next?

iShares MSCI Spain ETF (NYSEARCA:EWP) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $61.79 and last traded at $61.75, with a volume of 13474 shares. The stock had previously closed at $61.48.

iShares MSCI Spain ETF Stock Performance

The firm’s 50-day moving average price is $59.00 and its two-hundred day moving average price is $56.85. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 10.89 and a beta of 0.67.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Several institutional investors and hedge funds have recently bought and sold shares of EWP. Royal Bank of Canada grew its stake in shares of iShares MSCI Spain ETF by 14.0% in the 1st quarter. Royal Bank of Canada now owns 14,860 shares of the exchange traded fund’s stock valued at $565,000 after buying an additional 1,830 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI Spain ETF during the 2nd quarter valued at approximately $427,000. Jane Street Group LLC purchased a new stake in shares of iShares MSCI Spain ETF during the 2nd quarter valued at approximately $16,165,000. Bank of America Corp DE lifted its holdings in iShares MSCI Spain ETF by 0.4% in the second quarter. Bank of America Corp DE now owns 163,026 shares of the exchange traded fund’s stock valued at $7,178,000 after acquiring an additional 626 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in iShares MSCI Spain ETF in the second quarter valued at approximately $1,178,000. 38.17% of the stock is currently owned by institutional investors and hedge funds.

About iShares MSCI Spain ETF

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.