iShares MSCI Mexico ETF (NYSEARCA:EWW) Hits New 52-Week High – Still a Buy?

iShares MSCI Mexico ETF (NYSEARCA:EWW)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $68.77 and last traded at $69.0640, with a volume of 226990 shares. The stock had previously closed at $67.91.

iShares MSCI Mexico ETF Stock Up 2.0%

The firm has a market capitalization of $2.11 billion, a PE ratio of 12.85 and a beta of 0.91. The business’s fifty day moving average price is $65.97 and its 200 day moving average price is $62.22.

Institutional Investors Weigh In On iShares MSCI Mexico ETF

A number of institutional investors have recently added to or reduced their stakes in EWW. Mount Lucas Management LP raised its holdings in shares of iShares MSCI Mexico ETF by 1.4% in the 3rd quarter. Mount Lucas Management LP now owns 14,850 shares of the exchange traded fund’s stock worth $1,013,000 after purchasing an additional 211 shares during the period. CWM LLC raised its holdings in iShares MSCI Mexico ETF by 90.2% in the third quarter. CWM LLC now owns 466 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 221 shares during the period. CWC Advisors LLC. raised its holdings in iShares MSCI Mexico ETF by 2.6% in the third quarter. CWC Advisors LLC. now owns 9,435 shares of the exchange traded fund’s stock valued at $644,000 after buying an additional 243 shares during the period. Orion Porfolio Solutions LLC lifted its position in iShares MSCI Mexico ETF by 6.1% during the second quarter. Orion Porfolio Solutions LLC now owns 4,217 shares of the exchange traded fund’s stock valued at $255,000 after buying an additional 244 shares in the last quarter. Finally, Guidance Capital Inc. grew its stake in iShares MSCI Mexico ETF by 3.9% during the third quarter. Guidance Capital Inc. now owns 6,934 shares of the exchange traded fund’s stock worth $453,000 after buying an additional 262 shares during the period.

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.