iShares MSCI Spain ETF (NYSEARCA:EWP) Sets New 52-Week High – Still a Buy?

iShares MSCI Spain ETF (NYSEARCA:EWP)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $57.64 and last traded at $57.51, with a volume of 681742 shares traded. The stock had previously closed at $56.46.

iShares MSCI Spain ETF Stock Down 1.2%

The company has a market capitalization of $1.87 billion, a PE ratio of 10.89 and a beta of 0.86. The company has a 50-day moving average price of $54.67 and a two-hundred day moving average price of $50.97.

Institutional Investors Weigh In On iShares MSCI Spain ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brookstone Capital Management increased its stake in iShares MSCI Spain ETF by 3.8% in the fourth quarter. Brookstone Capital Management now owns 6,783 shares of the exchange traded fund’s stock valued at $366,000 after acquiring an additional 250 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its stake in iShares MSCI Spain ETF by 4.3% during the third quarter. Cyndeo Wealth Partners LLC now owns 6,136 shares of the exchange traded fund’s stock worth $304,000 after purchasing an additional 255 shares during the last quarter. Zacks Investment Management boosted its holdings in shares of iShares MSCI Spain ETF by 0.5% in the 3rd 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 in the last quarter. Patten Group Inc. increased its position 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. Finally, Nisa Investment Advisors LLC increased its position in shares of iShares MSCI Spain ETF by 39.2% during the 2nd 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 currently owned by 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.