iShares MSCI Spain ETF (NYSEARCA:EWP) Reaches New 12-Month High – What’s Next?

iShares MSCI Spain ETF (NYSEARCA:EWP)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $63.08 and last traded at $62.76, with a volume of 9384 shares changing hands. The stock had previously closed at $62.41.

iShares MSCI Spain ETF Price Performance

The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 10.89 and a beta of 0.67. The company’s 50-day simple moving average is $59.37 and its 200-day simple moving average is $57.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EWP. Whitcomb & Hess Inc. lifted its holdings in shares of iShares MSCI Spain ETF by 2.0% during the second quarter. Whitcomb & Hess Inc. now owns 221,169 shares of the exchange traded fund’s stock worth $13,135,000 after buying an additional 4,408 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of iShares MSCI Spain ETF in the first quarter valued at about $534,000. EverSource Wealth Advisors LLC grew its stake in shares of iShares MSCI Spain ETF by 25.6% in the first quarter. EverSource Wealth Advisors LLC now owns 16,285 shares of the exchange traded fund’s stock valued at $884,000 after acquiring an additional 3,320 shares in the last quarter. Boreal Capital Management LLC increased its position in iShares MSCI Spain ETF by 21.6% during the first quarter. Boreal Capital Management LLC now owns 3,153 shares of the exchange traded fund’s stock worth $171,000 after acquiring an additional 560 shares during the period. Finally, CacheTech Inc. boosted its holdings in iShares MSCI Spain ETF by 0.5% in the 1st quarter. CacheTech Inc. now owns 152,935 shares of the exchange traded fund’s stock valued at $8,306,000 after purchasing an additional 723 shares during the period. 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.