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

iShares MSCI Spain ETF (NYSEARCA:EWP)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $63.15 and last traded at $63.07, with a volume of 17626 shares. The stock had previously closed at $62.92.

iShares MSCI Spain ETF Stock Performance

The firm’s 50 day simple moving average is $60.32 and its 200-day simple moving average is $57.50. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 10.89 and a beta of 0.67.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. BOKF NA purchased a new stake in iShares MSCI Spain ETF in the 3rd quarter worth about $25,000. Comerica Bank increased its holdings in shares of iShares MSCI Spain ETF by 303.9% in the 4th quarter. Comerica Bank now owns 521 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 392 shares during the period. Fifth Third Bancorp purchased a new stake in shares of iShares MSCI Spain ETF in the first quarter worth approximately $41,000. Riggs Asset Managment Co. Inc. acquired a new stake in shares of iShares MSCI Spain ETF during the second quarter worth approximately $63,000. Finally, IFP Advisors Inc acquired a new stake in shares of iShares MSCI Spain ETF during the fourth quarter worth approximately $107,000. 38.17% of the stock is 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.