iShares MSCI Spain ETF (NYSEARCA:EWP) Share Price Cross Above 50-Day Moving Average – Here’s What Happened

iShares MSCI Spain ETF (NYSEARCA:EWP) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $53.91 and traded as high as $56.95. iShares MSCI Spain ETF shares last traded at $56.86, with a volume of 644,899 shares traded.

iShares MSCI Spain ETF Stock Performance

The company’s 50-day moving average price is $53.91 and its 200 day moving average price is $50.40. The stock has a market capitalization of $1.90 billion, a P/E ratio of 10.89 and a beta of 0.86.

Hedge Funds Weigh In On iShares MSCI Spain ETF

A number of hedge funds have recently made changes to their positions in EWP. Flow Traders U.S. LLC bought a new stake in iShares MSCI Spain ETF during the 2nd quarter valued at approximately $30,710,000. Tradewinds Capital Management LLC grew its holdings in iShares MSCI Spain ETF by 126,837.9% during the 2nd quarter. Tradewinds Capital Management LLC now owns 689,273 shares of the exchange traded fund’s stock valued at $30,349,000 after buying an additional 688,730 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of iShares MSCI Spain ETF by 17.0% during the second quarter. Hsbc Holdings PLC now owns 4,389,321 shares of the exchange traded fund’s stock valued at $193,262,000 after buying an additional 639,320 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of iShares MSCI Spain ETF in the second quarter worth $16,165,000. Finally, Bank of Nova Scotia bought a new position in shares of iShares MSCI Spain ETF during the second quarter worth $13,548,000. 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.