iShares MSCI Mexico ETF (NYSEARCA:EWW) Hits New 1-Year High – Should You Buy?

Shares of iShares MSCI Mexico ETF (NYSEARCA:EWW) hit a new 52-week high during trading on Thursday . The stock traded as high as $70.38 and last traded at $70.4710, with a volume of 317534 shares trading hands. The stock had previously closed at $69.04.

iShares MSCI Mexico ETF Stock Down 0.5%

The business has a 50-day simple moving average of $67.06 and a two-hundred day simple moving average of $63.74. The stock has a market capitalization of $2.15 billion, a P/E ratio of 12.85 and a beta of 0.91.

Hedge Funds Weigh In On iShares MSCI Mexico ETF

Several institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new stake in iShares MSCI Mexico ETF during the 2nd quarter worth about $74,869,000. Caxton Associates LLP acquired a new position in shares of iShares MSCI Mexico ETF during the third quarter worth approximately $60,217,000. Millennium Management LLC acquired a new position in shares of iShares MSCI Mexico ETF during the third quarter worth approximately $37,325,000. The Manufacturers Life Insurance Company bought a new stake in shares of iShares MSCI Mexico ETF during the second quarter valued at approximately $27,605,000. Finally, SG Americas Securities LLC increased its holdings in shares of iShares MSCI Mexico ETF by 929.7% in the second quarter. SG Americas Securities LLC now owns 286,750 shares of the exchange traded fund’s stock valued at $17,366,000 after purchasing an additional 258,902 shares in the last quarter.

iShares MSCI Mexico ETF Company Profile

iShares MSCI Mexico Capped ETF (the Fund), formerly iShares MSCI Mexico Capped Investable Market Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Mexico IMI 25/50 Index (the Index). The Index consists of stocks traded primarily on the Mexican Stock Exchange.