iShares MSCI Mexico ETF (NYSEARCA:EWW) Hits New 52-Week High – Here’s What Happened

iShares MSCI Mexico ETF (NYSEARCA:EWW) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $72.11 and last traded at $72.0970, with a volume of 109769 shares traded. The stock had previously closed at $71.06.

iShares MSCI Mexico ETF Stock Performance

The firm has a fifty day simple moving average of $68.92 and a 200-day simple moving average of $65.32. The company has a market capitalization of $1.98 billion, a PE ratio of 12.85 and a beta of 0.91.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC acquired a new stake in shares of iShares MSCI Mexico ETF in the 2nd quarter valued at about $74,869,000. Caxton Associates LLP acquired a new stake in iShares MSCI Mexico ETF during the third quarter valued at approximately $60,217,000. Millennium Management LLC acquired a new stake in iShares MSCI Mexico ETF during the third quarter valued at approximately $37,325,000. The Manufacturers Life Insurance Company bought a new position in iShares MSCI Mexico ETF during the 2nd quarter worth approximately $27,605,000. Finally, SG Americas Securities LLC grew its position in shares of iShares MSCI Mexico ETF by 929.7% in the 2nd quarter. SG Americas Securities LLC now owns 286,750 shares of the exchange traded fund’s stock worth $17,366,000 after acquiring an additional 258,902 shares in the last quarter.

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.