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

iShares MSCI Spain ETF (NYSEARCA:EWP)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $54.11 and last traded at $54.01, with a volume of 494901 shares traded. The stock had previously closed at $53.36.

iShares MSCI Spain ETF Price Performance

The company has a market cap of $1.52 billion, a price-to-earnings ratio of 10.89 and a beta of 0.86. The stock has a 50-day moving average price of $50.88 and a 200 day moving average price of $47.82.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Brookstone Capital Management bought a new position in shares of iShares MSCI Spain ETF in the 2nd quarter valued at about $230,000. Bank of Montreal Can acquired a new stake in iShares MSCI Spain ETF in the 2nd quarter valued at about $251,000. Monument Capital Management grew its holdings in 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. Signaturefd LLC bought a new position in iShares MSCI Spain ETF during the second quarter worth about $173,000. Finally, Patten Group Inc. increased its position in iShares MSCI Spain ETF by 3.7% during the second quarter. Patten Group Inc. now owns 8,328 shares of the exchange traded fund’s stock worth $367,000 after buying an additional 300 shares during the last quarter. 38.17% of the stock is owned by institutional investors and hedge funds.

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).