iShares MSCI Spain ETF (NYSEARCA:EWP) Hits New 1-Year High – Still a Buy?

iShares MSCI Spain ETF (NYSEARCA:EWP) reached a new 52-week high on Thursday . The stock traded as high as $60.32 and last traded at $60.32, with a volume of 228380 shares changing hands. The stock had previously closed at $58.97.

iShares MSCI Spain ETF Stock Up 1.9%

The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 10.89 and a beta of 0.67. The company’s 50-day moving average price is $57.38 and its 200-day moving average price is $55.87.

Institutional Trading of iShares MSCI Spain ETF

Several hedge funds have recently modified their holdings of EWP. Hsbc Holdings PLC increased its stake in shares of iShares MSCI Spain ETF by 1.7% during the fourth quarter. Hsbc Holdings PLC now owns 4,837,546 shares of the exchange traded fund’s stock worth $260,792,000 after buying an additional 82,833 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in iShares MSCI Spain ETF in the fourth quarter worth approximately $101,057,000. Bank of Montreal Can purchased a new position in iShares MSCI Spain ETF in the fourth quarter worth approximately $43,669,000. Schroder Investment Management Group grew its holdings in 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 acquired a new position in iShares MSCI Spain ETF during the 4th quarter worth approximately $25,370,000. 38.17% of the stock is currently owned by institutional investors and hedge funds.

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.