iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Large Volume Increase – What’s Next?

iShares MSCI Spain ETF (NYSEARCA:EWP) shares saw an uptick in trading volume on Thursday . 1,118,127 shares changed hands during mid-day trading, an increase of 230% from the previous session’s volume of 338,581 shares.The stock last traded at $36.82 and had previously closed at $37.05.

iShares MSCI Spain ETF Stock Performance

The company has a 50 day simple moving average of $36.39 and a 200 day simple moving average of $34.14. The company has a market capitalization of $899.38 million, a PE ratio of 10.94 and a beta of 0.79.

Institutional Trading of iShares MSCI Spain ETF

Several large investors have recently made changes to their positions in the company. Strategic Financial Concepts LLC lifted its stake in iShares MSCI Spain ETF by 3,010.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 973,880 shares of the exchange traded fund’s stock worth $30,239,000 after purchasing an additional 942,569 shares in the last quarter. LPL Financial LLC lifted its position in iShares MSCI Spain ETF by 4,062.2% during the fourth quarter. LPL Financial LLC now owns 269,169 shares of the exchange traded fund’s stock worth $8,358,000 after buying an additional 262,702 shares in the last quarter. Jane Street Group LLC acquired a new position in iShares MSCI Spain ETF during the third quarter worth $4,051,000. Kiker Wealth Management LLC acquired a new position in iShares MSCI Spain ETF during the fourth quarter worth $3,057,000. Finally, ABC Arbitrage SA purchased a new stake in iShares MSCI Spain ETF in the 4th quarter valued at $2,323,000.

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).