iShares MSCI Spain ETF (NYSEARCA:EWP) Share Price Pass Below Fifty Day Moving Average – What’s Next?

Shares of iShares MSCI Spain ETF (NYSEARCA:EWP) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $61.52 and traded as low as $61.10. iShares MSCI Spain ETF shares last traded at $61.42, with a volume of 144,931 shares.

iShares MSCI Spain ETF Trading Down 1.9%

The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 10.89 and a beta of 0.67. The stock’s 50 day moving average is $61.58 and its 200 day moving average is $58.41.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Several institutional investors and hedge funds have recently made changes to their positions in EWP. Catalyst Capital Advisors LLC boosted its stake in iShares MSCI Spain ETF by 4.3% in the 1st quarter. Catalyst Capital Advisors LLC now owns 213,236 shares of the exchange traded fund’s stock valued at $11,581,000 after purchasing an additional 8,798 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of iShares MSCI Spain ETF during the first quarter worth $511,000. Prudential PLC acquired a new stake in shares of iShares MSCI Spain ETF during the fourth quarter worth $16,664,000. GFS Advisors LLC bought a new stake in shares of iShares MSCI Spain ETF in the fourth quarter valued at about $1,348,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in shares of iShares MSCI Spain ETF in the fourth quarter valued at about $101,057,000. Institutional investors and hedge funds 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.