iShares MSCI Spain ETF (NYSEARCA:EWP) Hits New 1-Year High – Here’s Why

iShares MSCI Spain ETF (NYSEARCA:EWP) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $63.08 and last traded at $62.76, with a volume of 9384 shares traded. The stock had previously closed at $62.41.

iShares MSCI Spain ETF Stock Up 0.4%

The business’s 50 day simple moving average is $59.37 and its 200 day simple moving average is $57.08. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 10.89 and a beta of 0.67.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. BOKF NA bought a new position in shares of iShares MSCI Spain ETF during the 3rd quarter worth approximately $25,000. Comerica Bank boosted its position in iShares MSCI Spain ETF by 303.9% during the fourth quarter. Comerica Bank now owns 521 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 392 shares during the period. Fifth Third Bancorp bought a new position in shares of iShares MSCI Spain ETF in the first quarter valued at about $41,000. Riggs Asset Managment Co. Inc. bought a new position in shares of iShares MSCI Spain ETF in the second quarter valued at about $63,000. Finally, Private Trust Co. NA lifted its stake in shares of iShares MSCI Spain ETF by 4,519.2% during the 4th quarter. Private Trust Co. NA now owns 1,201 shares of the exchange traded fund’s stock worth $65,000 after buying an additional 1,175 shares during the last quarter. Institutional investors 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.