iShares MSCI Spain ETF (NYSEARCA:EWP) Stock Price Cross Above 50-Day Moving Average – Should You Sell?

iShares MSCI Spain ETF (NYSEARCA:EWP)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $52.71 and traded as high as $55.14. iShares MSCI Spain ETF shares last traded at $55.02, with a volume of 891,774 shares traded.

iShares MSCI Spain ETF Price Performance

The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 10.89 and a beta of 0.86. The stock has a 50 day moving average price of $52.71 and a two-hundred day moving average price of $49.35.

Institutional Trading of iShares MSCI Spain ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC boosted its stake in shares of iShares MSCI Spain ETF by 17.0% in the second quarter. Hsbc Holdings PLC now owns 4,389,321 shares of the exchange traded fund’s stock valued at $193,262,000 after purchasing an additional 639,320 shares during the period. Flow Traders U.S. LLC purchased a new position in iShares MSCI Spain ETF in the second quarter worth approximately $30,710,000. Tradewinds Capital Management LLC grew its stake in shares of iShares MSCI Spain ETF by 126,837.9% during the second quarter. Tradewinds Capital Management LLC now owns 689,273 shares of the exchange traded fund’s stock worth $30,349,000 after purchasing an additional 688,730 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of iShares MSCI Spain ETF during the 2nd quarter worth about $16,165,000. Finally, Bank of Nova Scotia acquired a new position in iShares MSCI Spain ETF in the second quarter valued at approximately $13,548,000. 38.17% of the stock is currently owned by hedge funds and other institutional investors.

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.