iShares MSCI Spain ETF (NYSEARCA:EWP) Hits New 12-Month High – Time to Buy?

iShares MSCI Spain ETF (NYSEARCA:EWP) shares hit a new 52-week high on Thursday . The company traded as high as $60.32 and last traded at $60.32, with a volume of 228380 shares changing hands. The stock had previously closed at $58.97.

iShares MSCI Spain ETF Price Performance

The business’s 50 day moving average is $57.38 and its 200 day moving average is $55.87. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 10.89 and a beta of 0.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. BOKF NA purchased a new position in shares of iShares MSCI Spain ETF in the 3rd quarter valued at about $25,000. Comerica Bank lifted its stake in iShares MSCI Spain ETF by 303.9% during the fourth quarter. Comerica Bank now owns 521 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 392 shares during the last quarter. Fifth Third Bancorp purchased a new stake in iShares MSCI Spain ETF during the first quarter worth approximately $41,000. Wolff Wiese Magana LLC acquired a new position in iShares MSCI Spain ETF in the fourth quarter valued at approximately $44,000. Finally, Riggs Asset Managment Co. Inc. purchased a new position in iShares MSCI Spain ETF in the second quarter valued at approximately $63,000. 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.