iShares MSCI Spain ETF (NYSEARCA:EWP) Reaches New 12-Month High – Here’s Why

iShares MSCI Spain ETF (NYSEARCA:EWP)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $63.08 and last traded at $62.76, with a volume of 9384 shares. The stock had previously closed at $62.41.

iShares MSCI Spain ETF Stock Performance

The firm’s fifty day moving average is $59.59 and its 200 day moving average is $57.19. The company has a market capitalization of $2.17 billion, a P/E ratio of 10.89 and a beta of 0.67.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Zacks Investment Management grew its position in shares of iShares MSCI Spain ETF by 0.5% in the third quarter. Zacks Investment Management now owns 54,858 shares of the exchange traded fund’s stock valued at $2,716,000 after purchasing an additional 272 shares during the period. Wealthfront Advisers LLC lifted its stake in iShares MSCI Spain ETF by 7.2% in the 1st quarter. Wealthfront Advisers LLC now owns 5,298 shares of the exchange traded fund’s stock worth $288,000 after purchasing an additional 357 shares in the last quarter. Comerica Bank boosted its holdings in shares of iShares MSCI Spain ETF by 303.9% during the 4th quarter. Comerica Bank now owns 521 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 392 shares during the last quarter. BOKF NA purchased a new stake in shares of iShares MSCI Spain ETF in the third quarter valued at approximately $25,000. Finally, Global Assets Advisory LLC grew its position in shares of iShares MSCI Spain ETF by 6.6% in the fourth quarter. Global Assets Advisory LLC now owns 8,526 shares of the exchange traded fund’s stock valued at $460,000 after purchasing an additional 530 shares in the last quarter. Hedge funds and other institutional investors own 38.17% of the company’s stock.

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.