iShares MSCI Mexico ETF (NYSEARCA:EWW) Hits New 12-Month High – What’s Next?

iShares MSCI Mexico ETF (NYSEARCA:EWW)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $81.10 and last traded at $80.6870, with a volume of 3111 shares changing hands. The stock had previously closed at $80.70.

iShares MSCI Mexico ETF Stock Up 1.4%

The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 12.85 and a beta of 0.91. The stock’s 50 day moving average price is $73.30 and its two-hundred day moving average price is $67.92.

Institutional Investors Weigh In On iShares MSCI Mexico ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Abbington Investment Group bought a new position in shares of iShares MSCI Mexico ETF in the third quarter worth about $2,128,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in iShares MSCI Mexico ETF during the 2nd quarter valued at approximately $290,000. Flow Traders U.S. LLC acquired a new stake in iShares MSCI Mexico ETF in the 2nd quarter valued at approximately $1,260,000. Richard W. Paul & Associates LLC bought a new position in iShares MSCI Mexico ETF in the 2nd quarter worth approximately $376,000. Finally, Bank of Montreal Can bought a new position in iShares MSCI Mexico ETF in the 2nd quarter worth approximately $91,000.

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. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.