iShares MSCI Spain ETF (NYSEARCA:EWP) Sets New 1-Year High – Here’s What Happened

iShares MSCI Spain ETF (NYSEARCA:EWP)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $57.26 and last traded at $57.1520, with a volume of 70443 shares changing hands. The stock had previously closed at $56.25.

iShares MSCI Spain ETF Trading Up 2.3%

The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 10.89 and a beta of 0.86. The stock’s 50 day moving average is $54.29 and its two-hundred day moving average is $50.64.

Institutional Trading of iShares MSCI Spain ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brookstone Capital Management boosted its stake in shares of iShares MSCI Spain ETF by 3.8% during the 4th quarter. Brookstone Capital Management now owns 6,783 shares of the exchange traded fund’s stock worth $366,000 after acquiring an additional 250 shares in the last quarter. Cyndeo Wealth Partners LLC increased its stake in iShares MSCI Spain ETF by 4.3% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 6,136 shares of the exchange traded fund’s stock valued at $304,000 after purchasing an additional 255 shares in the last quarter. Zacks Investment Management raised its holdings in iShares MSCI Spain ETF by 0.5% during the third quarter. Zacks Investment Management now owns 54,858 shares of the exchange traded fund’s stock worth $2,716,000 after purchasing an additional 272 shares during the last quarter. Patten Group Inc. boosted its position in iShares MSCI Spain ETF by 3.7% during the second quarter. Patten Group Inc. now owns 8,328 shares of the exchange traded fund’s stock worth $367,000 after purchasing an additional 300 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in iShares MSCI Spain ETF by 39.2% in the second quarter. Nisa Investment Advisors LLC now owns 1,100 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 310 shares during the last quarter. 38.17% of the stock is owned by hedge funds and other institutional investors.

About iShares MSCI Spain ETF

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.