iShares MSCI Spain ETF (NYSEARCA:EWP) Sets New 12-Month High – Time to Buy?

Shares of iShares MSCI Spain ETF (NYSEARCA:EWP) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $60.49 and last traded at $59.82, with a volume of 162458 shares changing hands. The stock had previously closed at $60.28.

iShares MSCI Spain ETF Trading Down 0.8%

The company has a market cap of $1.91 billion, a PE ratio of 10.89 and a beta of 0.67. The firm has a 50 day moving average of $57.66 and a two-hundred day moving average of $56.05.

Hedge Funds Weigh In On iShares MSCI Spain ETF

A number of hedge funds have recently bought and sold shares of the company. BOKF NA bought a new stake in iShares MSCI Spain ETF during the 3rd quarter valued at about $25,000. Comerica Bank grew its holdings in shares of iShares MSCI Spain ETF by 303.9% during the fourth quarter. Comerica Bank now owns 521 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 392 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of iShares MSCI Spain ETF during the first quarter valued at approximately $41,000. Wolff Wiese Magana LLC purchased a new position in iShares MSCI Spain ETF in the 4th quarter worth approximately $44,000. Finally, Riggs Asset Managment Co. Inc. purchased a new position in iShares MSCI Spain ETF in the 2nd quarter worth approximately $63,000. Institutional investors own 38.17% of the company’s stock.

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). 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.