iShares MSCI Mexico ETF (NYSEARCA:EWW) Reaches New 12-Month High – Time to Buy?

iShares MSCI Mexico ETF (NYSEARCA:EWW)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $74.60 and last traded at $73.9160, with a volume of 179634 shares. The stock had previously closed at $74.00.

iShares MSCI Mexico ETF Trading Up 0.5%

The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 12.85 and a beta of 0.91. The business’s 50-day simple moving average is $69.66 and its two-hundred day simple moving average is $65.82.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC bought a new stake in shares of iShares MSCI Mexico ETF during the 2nd quarter valued at about $74,869,000. Caxton Associates LLP acquired a new position in iShares MSCI Mexico ETF in the third quarter valued at approximately $60,217,000. Millennium Management LLC acquired a new position in iShares MSCI Mexico ETF in the third quarter valued at approximately $37,325,000. The Manufacturers Life Insurance Company bought a new position in shares of iShares MSCI Mexico ETF during the 2nd quarter worth approximately $27,605,000. Finally, Baker Avenue Asset Management LP grew its position in shares of iShares MSCI Mexico ETF by 0.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 355,583 shares of the exchange traded fund’s stock worth $24,254,000 after buying an additional 2,935 shares during the period.

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.