Marvin & Palmer Associates Inc. Makes New Investment in iShares MSCI Spain ETF $EWP

Marvin & Palmer Associates Inc. purchased a new position in shares of iShares MSCI Spain ETF (NYSEARCA:EWP) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 2,540 shares of the exchange traded fund’s stock, valued at approximately $112,000.

A number of other large investors have also added to or reduced their stakes in EWP. Brookstone Capital Management bought a new stake in iShares MSCI Spain ETF during the 2nd quarter worth approximately $230,000. Monument Capital Management lifted its holdings in shares of iShares MSCI Spain ETF by 0.4% during the second quarter. Monument Capital Management now owns 86,998 shares of the exchange traded fund’s stock worth $3,831,000 after purchasing an additional 329 shares during the period. Patten Group Inc. grew its stake in shares of iShares MSCI Spain ETF by 3.7% in the second quarter. Patten Group Inc. now owns 8,328 shares of the exchange traded fund’s stock worth $367,000 after purchasing an additional 300 shares during the last quarter. Signaturefd LLC bought a new stake in shares of iShares MSCI Spain ETF in the second quarter worth $173,000. Finally, Capital Wealth Alliance LLC acquired a new stake in iShares MSCI Spain ETF in the second quarter valued at $243,000. Institutional investors own 38.17% of the company’s stock.

iShares MSCI Spain ETF Stock Down 1.1%

Shares of NYSEARCA:EWP opened at $49.37 on Friday. The firm has a market cap of $1.43 billion, a P/E ratio of 10.89 and a beta of 0.86. iShares MSCI Spain ETF has a 12-month low of $30.54 and a 12-month high of $52.78. The business has a fifty day simple moving average of $49.68 and a 200 day simple moving average of $46.48.

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).