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

iShares MSCI Spain ETF (NYSEARCA:EWP) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $58.99 and last traded at $58.81, with a volume of 28946 shares traded. The stock had previously closed at $57.37.

iShares MSCI Spain ETF Stock Performance

The company has a 50-day simple moving average of $55.24 and a 200-day simple moving average of $53.28. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 10.89 and a beta of 0.71.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its position in iShares MSCI Spain ETF by 1.7% during the 4th quarter. Hsbc Holdings PLC now owns 4,837,546 shares of the exchange traded fund’s stock worth $260,792,000 after purchasing an additional 82,833 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in iShares MSCI Spain ETF during the 4th quarter worth approximately $101,057,000. Bank of Montreal Can acquired a new position in iShares MSCI Spain ETF during the 4th quarter worth approximately $43,669,000. Schroder Investment Management Group boosted its stake in shares of iShares MSCI Spain ETF by 3,000.0% during the 4th quarter. Schroder Investment Management Group now owns 527,000 shares of the exchange traded fund’s stock worth $28,516,000 after acquiring an additional 510,000 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new stake in shares of iShares MSCI Spain ETF during the 4th quarter worth approximately $25,370,000. Institutional investors and hedge funds own 38.17% of the company’s stock.

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.