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

iShares MSCI Spain ETF (NYSEARCA:EWP) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $60.87 and last traded at $60.80, with a volume of 9189 shares trading hands. The stock had previously closed at $59.71.

iShares MSCI Spain ETF Trading Up 1.5%

The firm has a market capitalization of $2.06 billion, a P/E ratio of 10.89 and a beta of 0.67. The business has a 50 day moving average of $58.40 and a 200-day moving average of $56.54.

Institutional Investors Weigh In On iShares MSCI Spain ETF

Large investors have recently made changes to their positions in the stock. BOKF NA acquired a new stake in shares of iShares MSCI Spain ETF during the third quarter worth $25,000. Comerica Bank boosted its stake in iShares MSCI Spain ETF by 303.9% in the 4th 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 acquired a new position in iShares MSCI Spain ETF in the 1st quarter worth $41,000. Private Trust Co. NA increased its holdings in 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 purchasing an additional 1,175 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. bought a new position in iShares MSCI Spain ETF during the 2nd quarter worth about $63,000. 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.