iShares MSCI Mexico ETF (NYSEARCA:EWW) Reaches New 52-Week High – What’s Next?

iShares MSCI Mexico ETF (NYSEARCA:EWW)’s stock price reached a new 52-week high on Monday . The company traded as high as $77.65 and last traded at $77.6190, with a volume of 118439 shares changing hands. The stock had previously closed at $76.08.

iShares MSCI Mexico ETF Price Performance

The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 12.85 and a beta of 0.91. The stock’s 50-day moving average is $70.01 and its 200-day moving average is $66.07.

Hedge Funds Weigh In On iShares MSCI Mexico ETF

Several institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its stake in iShares MSCI Mexico ETF by 51.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,391 shares of the exchange traded fund’s stock worth $703,000 after buying an additional 3,879 shares during the last quarter. Truist Financial Corp boosted its position in shares of iShares MSCI Mexico ETF by 34.8% in the second quarter. Truist Financial Corp now owns 12,962 shares of the exchange traded fund’s stock worth $785,000 after acquiring an additional 3,344 shares during the last quarter. Ping Capital Management Inc. grew its holdings in iShares MSCI Mexico ETF by 205.5% in the second quarter. Ping Capital Management Inc. now owns 71,800 shares of the exchange traded fund’s stock valued at $4,348,000 after purchasing an additional 48,300 shares during the period. Viewpoint Capital Management LLC purchased a new stake in iShares MSCI Mexico ETF in the second quarter valued at approximately $30,000. Finally, Spectrum Asset Management Inc. NB CA acquired a new position in iShares MSCI Mexico ETF during the second quarter worth approximately $2,334,000.

About iShares MSCI Mexico ETF

iShares MSCI Mexico Capped ETF (the Fund), formerly iShares MSCI Mexico Capped Investable Market Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Mexico IMI 25/50 Index (the Index). The Index consists of stocks traded primarily on the Mexican Stock Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.