Financial & Tax Architects LLC Invests $759,000 in iShares MSCI Spain ETF $EWP

Financial & Tax Architects LLC bought a new stake in iShares MSCI Spain ETF (NYSEARCA:EWP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,336 shares of the exchange traded fund’s stock, valued at approximately $759,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EWP. Brookstone Capital Management acquired a new position in iShares MSCI Spain ETF in the second quarter valued at $230,000. Bank of Montreal Can acquired a new stake in shares of iShares MSCI Spain ETF in the 2nd quarter valued at about $251,000. Monument Capital Management increased its position in iShares MSCI Spain ETF by 0.4% during the second 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 during the period. Patten Group Inc. lifted its stake in iShares MSCI Spain ETF by 3.7% in the second quarter. Patten Group Inc. now owns 8,328 shares of the exchange traded fund’s stock valued at $367,000 after buying an additional 300 shares during the last quarter. Finally, St. Louis Financial Planners Asset Management LLC purchased a new position in iShares MSCI Spain ETF during the 3rd quarter worth $1,459,000. 38.17% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Spain ETF Price Performance

Shares of NYSEARCA EWP opened at $55.21 on Friday. The stock has a fifty day moving average price of $54.19 and a 200 day moving average price of $50.56. iShares MSCI Spain ETF has a 1-year low of $33.72 and a 1-year high of $57.26. The company has a market cap of $1.84 billion, a PE ratio of 10.89 and a beta of 0.86.

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.