iShares MSCI Mexico ETF (NYSEARCA:EWW) Reaches New 1-Year High – Should You Buy?

iShares MSCI Mexico ETF (NYSEARCA:EWW) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $81.10 and last traded at $80.6870, with a volume of 3111 shares traded. The stock had previously closed at $80.70.

iShares MSCI Mexico ETF Stock Down 1.7%

The company has a market capitalization of $2.23 billion, a PE ratio of 12.85 and a beta of 0.91. The firm’s 50-day moving average is $72.83 and its 200-day moving average is $67.69.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new position in shares of iShares MSCI Mexico ETF in the second quarter valued at about $74,869,000. JPMorgan Chase & Co. increased its holdings in iShares MSCI Mexico ETF by 1.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,147,525 shares of the exchange traded fund’s stock valued at $79,558,000 after purchasing an additional 11,557 shares during the period. Caxton Associates LLP bought a new position in iShares MSCI Mexico ETF during the 3rd quarter valued at approximately $60,217,000. Millennium Management LLC purchased a new stake in iShares MSCI Mexico ETF in the 3rd quarter worth approximately $37,325,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in iShares MSCI Mexico ETF in the 2nd quarter worth approximately $27,605,000.

About iShares MSCI Mexico ETF

iShares MSCI Mexico Capped ETF (the Fund), formerly iShares MSCI Mexico Capped Investable Market Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Mexico IMI 25/50 Index (the Index). The Index consists of stocks traded primarily on the Mexican Stock Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.