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

iShares MSCI Spain ETF (NYSEARCA:EWP) hit a new 52-week high during trading on Wednesday . The stock traded as high as $52.94 and last traded at $53.0850, with a volume of 264236 shares traded. The stock had previously closed at $52.36.

iShares MSCI Spain ETF Stock Up 1.3%

The company’s fifty day moving average price is $50.41 and its 200-day moving average price is $47.43. The stock has a market capitalization of $1.53 billion, a PE ratio of 10.89 and a beta of 0.86.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Brookstone Capital Management purchased a new position in iShares MSCI Spain ETF during the 2nd quarter valued at $230,000. Bank of Montreal Can bought a new position in shares of iShares MSCI Spain ETF during the second quarter valued at approximately $251,000. Monument Capital Management increased its holdings 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 valued at $3,831,000 after acquiring an additional 329 shares during the period. Signaturefd LLC bought a new position in iShares MSCI Spain ETF in the second quarter worth about $173,000. Finally, Patten Group Inc. lifted its holdings in shares of iShares MSCI Spain ETF by 3.7% during the 2nd quarter. Patten Group Inc. now owns 8,328 shares of the exchange traded fund’s stock valued at $367,000 after purchasing an additional 300 shares during the last quarter. Institutional investors 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).