Royal Bank of Canada Cuts Holdings in iShares MSCI Spain ETF $EWP

Royal Bank of Canada lowered its position in iShares MSCI Spain ETF (NYSEARCA:EWP) by 77.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,053 shares of the exchange traded fund’s stock after selling 17,015 shares during the period. Royal Bank of Canada’s holdings in iShares MSCI Spain ETF were worth $275,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Hsbc Holdings PLC grew its position in shares of iShares MSCI Spain ETF by 1.7% during the 4th quarter. Hsbc Holdings PLC now owns 4,837,546 shares of the exchange traded fund’s stock valued at $260,792,000 after acquiring an additional 82,833 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in iShares MSCI Spain ETF during the fourth quarter worth approximately $101,057,000. Bank of Montreal Can purchased a new position in iShares MSCI Spain ETF during the fourth quarter worth approximately $43,669,000. Schroder Investment Management Group grew its holdings in iShares MSCI Spain ETF by 3,000.0% in the fourth quarter. Schroder Investment Management Group now owns 527,000 shares of the exchange traded fund’s stock valued at $28,516,000 after purchasing an additional 510,000 shares during the period. Finally, Bank of Nova Scotia acquired a new stake in iShares MSCI Spain ETF in the fourth quarter valued at approximately $25,370,000. 38.17% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Spain ETF Price Performance

iShares MSCI Spain ETF stock opened at $62.41 on Friday. The stock has a market capitalization of $2.16 billion, a PE ratio of 10.89 and a beta of 0.67. The business has a 50 day simple moving average of $60.65 and a 200-day simple moving average of $57.69. iShares MSCI Spain ETF has a 12 month low of $46.56 and a 12 month high of $63.44.

iShares MSCI Spain ETF 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.