Barometer Capital Management Inc. Trims Stake in iShares MSCI Spain ETF $EWP

Barometer Capital Management Inc. reduced its stake in iShares MSCI Spain ETF (NYSEARCA:EWP) by 93.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 9,000 shares of the exchange traded fund’s stock after selling 136,250 shares during the period. Barometer Capital Management Inc.’s holdings in iShares MSCI Spain ETF were worth $489,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada boosted its position in iShares MSCI Spain ETF by 14.0% during the 1st quarter. Royal Bank of Canada now owns 14,860 shares of the exchange traded fund’s stock valued at $565,000 after acquiring an additional 1,830 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI Spain ETF in the 2nd quarter valued at approximately $427,000. Jane Street Group LLC purchased a new position in shares of iShares MSCI Spain ETF in the 2nd quarter valued at approximately $16,165,000. Bank of America Corp DE lifted its stake in shares of iShares MSCI Spain ETF by 0.4% in the 2nd quarter. Bank of America Corp DE now owns 163,026 shares of the exchange traded fund’s stock valued at $7,178,000 after purchasing an additional 626 shares during the period. Finally, Benjamin Edwards Inc. bought a new stake in shares of iShares MSCI Spain ETF during the second quarter valued at approximately $1,178,000. 38.17% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Spain ETF Stock Up 1.3%

NYSEARCA EWP opened at $59.46 on Wednesday. The firm has a market capitalization of $1.98 billion, a PE ratio of 10.89 and a beta of 0.67. The stock’s 50 day moving average is $58.19 and its 200 day moving average is $56.44. iShares MSCI Spain ETF has a twelve month low of $44.19 and a twelve month high of $60.49.

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.