iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Large Volume Increase – Still a Buy?

iShares MSCI Spain ETF (NYSEARCA:EWP) shares saw unusually-high trading volume on Tuesday . Approximately 236,613 shares traded hands during trading, an increase of 39% from the previous session’s volume of 169,780 shares.The stock last traded at $31.73 and had previously closed at $31.68.

iShares MSCI Spain ETF Stock Down 0.2 %

The company has a 50 day simple moving average of $32.40 and a 200 day simple moving average of $32.94. The company has a market capitalization of $983.74 million, a price-to-earnings ratio of 12.75 and a beta of 0.76.

Hedge Funds Weigh In On iShares MSCI Spain ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Strategic Financial Concepts LLC lifted its position in iShares MSCI Spain ETF by 3,175.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,027,298 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 995,935 shares during the last quarter. FMR LLC increased its stake in shares of iShares MSCI Spain ETF by 1,603.8% in the third quarter. FMR LLC now owns 1,806 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 1,700 shares during the period. Sunbelt Securities Inc. acquired a new stake in iShares MSCI Spain ETF in the 2nd quarter valued at approximately $75,000. Creative Financial Designs Inc. ADV bought a new stake in iShares MSCI Spain ETF during the 3rd quarter valued at $81,000. Finally, Sanctuary Advisors LLC acquired a new position in iShares MSCI Spain ETF during the 2nd quarter worth $238,000.

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).