iShares MSCI Mexico ETF (NYSEARCA:EWW) Hits New 52-Week High – Time to Buy?

iShares MSCI Mexico ETF (NYSEARCA:EWW) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $77.65 and last traded at $77.6190, with a volume of 118439 shares traded. The stock had previously closed at $76.08.

iShares MSCI Mexico ETF Trading Up 1.1%

The company has a market capitalization of $2.19 billion, a P/E ratio of 12.85 and a beta of 0.91. The business has a 50 day moving average price of $70.45 and a 200 day moving average price of $66.31.

Institutional Investors Weigh In On iShares MSCI Mexico ETF

Several hedge funds have recently bought and sold shares of EWW. Abbington Investment Group bought a new stake in shares of iShares MSCI Mexico ETF in the third quarter worth $2,128,000. Wealth Enhancement Advisory Services LLC grew its position in iShares MSCI Mexico ETF by 51.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,391 shares of the exchange traded fund’s stock valued at $703,000 after purchasing an additional 3,879 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in iShares MSCI Mexico ETF in the 2nd quarter valued at $290,000. Flow Traders U.S. LLC bought a new stake in iShares MSCI Mexico ETF during the 2nd quarter worth about $1,260,000. Finally, Richard W. Paul & Associates LLC acquired a new position in shares of iShares MSCI Mexico ETF during the 2nd quarter worth about $376,000.

iShares MSCI Mexico ETF Company Profile

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.