iShares MSCI Spain ETF (NYSEARCA:EWP) Stock Cross Above 200 Day Moving Average – Here’s Why

iShares MSCI Spain ETF (NYSEARCA:EWP) shares crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $58.00 and traded as high as $59.17. iShares MSCI Spain ETF shares last traded at $59.05, with a volume of 947,239 shares.

iShares MSCI Spain ETF Stock Performance

The company has a market cap of $1.99 billion, a price-to-earnings ratio of 10.89 and a beta of 0.69. The company’s 50 day moving average price is $59.46 and its 200 day moving average price is $58.04.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Several hedge funds have recently bought and sold shares of the business. Catalyst Capital Advisors LLC raised its position in shares of iShares MSCI Spain ETF by 4.3% in the first quarter. Catalyst Capital Advisors LLC now owns 213,236 shares of the exchange traded fund’s stock valued at $11,581,000 after purchasing an additional 8,798 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in iShares MSCI Spain ETF during the 1st quarter worth $511,000. Monument Capital Management acquired a new position in iShares MSCI Spain ETF during the 3rd quarter worth $4,780,000. Dorsey Wright & Associates bought a new stake in iShares MSCI Spain ETF during the first quarter valued at about $743,000. Finally, Sepio Capital LP bought a new stake in iShares MSCI Spain ETF during the third quarter valued at about $867,000. 38.17% of the stock is owned by institutional investors and hedge funds.

About iShares MSCI Spain ETF

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.