iShares MSCI Spain ETF (NYSEARCA:EWP) Reaches New 1-Year High – Still a Buy?

Shares of iShares MSCI Spain ETF (NYSEARCA:EWP) hit a new 52-week high during trading on Monday . The company traded as high as $60.87 and last traded at $60.80, with a volume of 9189 shares traded. The stock had previously closed at $59.71.

iShares MSCI Spain ETF Trading Up 1.5%

The stock has a market capitalization of $2.06 billion, a P/E ratio of 10.89 and a beta of 0.67. The company has a fifty day simple moving average of $58.40 and a two-hundred day simple moving average of $56.54.

Institutional Trading of iShares MSCI Spain ETF

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in shares of iShares MSCI Spain ETF by 14.0% in the 1st quarter. Royal Bank of Canada now owns 14,860 shares of the exchange traded fund’s stock valued at $565,000 after purchasing an additional 1,830 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI Spain ETF during the second quarter worth $427,000. Jane Street Group LLC bought a new stake in iShares MSCI Spain ETF in the second quarter valued at about $16,165,000. Bank of America Corp DE increased its holdings in iShares MSCI Spain ETF by 0.4% in the second quarter. Bank of America Corp DE now owns 163,026 shares of the exchange traded fund’s stock valued at $7,178,000 after purchasing an additional 626 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in iShares MSCI Spain ETF in the second quarter valued at about $1,178,000. 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.