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

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

iShares MSCI Spain ETF Trading Down 0.1%

The firm has a 50-day simple moving average of $60.50 and a two-hundred day simple moving average of $57.60. The stock has a market cap of $2.18 billion, a P/E ratio of 10.89 and a beta of 0.67.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of iShares MSCI Spain ETF in the 4th quarter valued at approximately $101,057,000. Bank of Montreal Can acquired a new stake in shares of iShares MSCI Spain ETF during the fourth quarter valued at about $43,669,000. Schroder Investment Management Group boosted its position in iShares MSCI Spain ETF by 3,000.0% during the 4th quarter. Schroder Investment Management Group now owns 527,000 shares of the exchange traded fund’s stock worth $28,516,000 after buying an additional 510,000 shares during the period. Bank of Nova Scotia bought a new stake in shares of iShares MSCI Spain ETF in the fourth quarter worth $25,370,000. Finally, Jane Street Group LLC bought a new stake in shares of iShares MSCI Spain ETF in the 2nd quarter valued at about $16,165,000. 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.