iShares MSCI Spain ETF (NYSEARCA:EWP) Reaches New 12-Month High – Here’s Why

iShares MSCI Spain ETF (NYSEARCA:EWPGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $61.79 and last traded at $61.75, with a volume of 13474 shares trading hands. The stock had previously closed at $61.48.

iShares MSCI Spain ETF Stock Up 0.4%

The business’s 50 day moving average is $58.80 and its 200 day moving average is $56.76. The company has a market cap of $2.12 billion, a P/E ratio of 10.89 and a beta of 0.67.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Large investors have recently added to or reduced their stakes in the company. Brookstone Capital Management lifted its position in shares of iShares MSCI Spain ETF by 3.8% during the fourth quarter. Brookstone Capital Management now owns 6,783 shares of the exchange traded fund’s stock valued at $366,000 after buying an additional 250 shares during the last quarter. Zacks Investment Management grew its position in shares of iShares MSCI Spain ETF by 0.5% in the 3rd quarter. Zacks Investment Management now owns 54,858 shares of the exchange traded fund’s stock worth $2,716,000 after buying an additional 272 shares during the last quarter. Wealthfront Advisers LLC grew its position in shares of iShares MSCI Spain ETF by 7.2% in the 1st quarter. Wealthfront Advisers LLC now owns 5,298 shares of the exchange traded fund’s stock worth $288,000 after buying an additional 357 shares during the last quarter. Comerica Bank raised its stake in shares of iShares MSCI Spain ETF by 303.9% during the 4th quarter. Comerica Bank now owns 521 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 392 shares in the last quarter. Finally, BOKF NA bought a new position in shares of iShares MSCI Spain ETF during the 3rd quarter worth approximately $25,000. 38.17% of the stock is currently owned by institutional investors.

About iShares MSCI Spain ETF

(Get Free Report)

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.

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