iShares MSCI Spain ETF (NYSEARCA:EWP) Reaches New 52-Week High – Time to Buy?

Shares of iShares MSCI Spain ETF (NYSEARCA:EWP) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $57.89 and last traded at $57.5410, with a volume of 42397 shares changing hands. The stock had previously closed at $57.02.

iShares MSCI Spain ETF Price Performance

The company has a fifty day moving average price of $55.09 and a two-hundred day moving average price of $51.52. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 10.89 and a beta of 0.86.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Several large investors have recently made changes to their positions in the business. Brookstone Capital Management bought a new stake in iShares MSCI Spain ETF during the second quarter worth approximately $230,000. Bank of Montreal Can bought a new position in shares of iShares MSCI Spain ETF in the second quarter valued at $251,000. Financially Speaking Inc acquired a new stake in shares of iShares MSCI Spain ETF during the 3rd quarter valued at $1,780,000. Hsbc Holdings PLC boosted its stake in shares of iShares MSCI Spain ETF by 17.0% during the 2nd quarter. Hsbc Holdings PLC now owns 4,389,321 shares of the exchange traded fund’s stock worth $193,262,000 after acquiring an additional 639,320 shares in the last quarter. Finally, St. Louis Financial Planners Asset Management LLC bought a new stake in shares of iShares MSCI Spain ETF during the 3rd quarter worth $1,459,000. 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.