iShares MSCI Spain ETF (NYSEARCA:EWP) Reaches New 52-Week High – Should You Buy?

iShares MSCI Spain ETF (NYSEARCA:EWP)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $55.91 and last traded at $55.9320, with a volume of 164150 shares changing hands. The stock had previously closed at $55.13.

iShares MSCI Spain ETF Stock Performance

The company has a market cap of $1.87 billion, a price-to-earnings ratio of 10.89 and a beta of 0.86. The company has a 50-day simple moving average of $53.38 and a 200-day simple moving average of $50.05.

Institutional Investors Weigh In On iShares MSCI Spain ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its position in iShares MSCI Spain ETF by 14.0% during the first quarter. Royal Bank of Canada now owns 14,860 shares of the exchange traded fund’s stock worth $565,000 after buying an additional 1,830 shares during the period. Signaturefd LLC purchased a new position in shares of iShares MSCI Spain ETF in the second quarter valued at $173,000. Belpointe Asset Management LLC purchased a new position in shares of iShares MSCI Spain ETF in the second quarter valued at $206,000. Cyndeo Wealth Partners LLC purchased a new stake in shares of iShares MSCI Spain ETF in the 2nd quarter worth about $259,000. Finally, Monument Capital Management boosted its position in shares of iShares MSCI Spain ETF by 0.4% in the 2nd quarter. Monument Capital Management now owns 86,998 shares of the exchange traded fund’s stock worth $3,831,000 after buying an additional 329 shares in the last quarter. Institutional investors and hedge funds own 38.17% of the company’s stock.

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.