iShares MSCI Spain ETF (NYSEARCA:EWP) Sets New 52-Week High – Still a Buy?

Shares of iShares MSCI Spain ETF (NYSEARCA:EWP) reached a new 52-week high on Monday . The stock traded as high as $63.15 and last traded at $63.07, with a volume of 17626 shares. The stock had previously closed at $62.92.

iShares MSCI Spain ETF Trading Up 0.3%

The stock has a market cap of $2.18 billion, a P/E ratio of 10.89 and a beta of 0.67. The stock’s 50-day moving average is $60.32 and its 200-day moving average is $57.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC lifted its position in iShares MSCI Spain ETF by 1.7% in the fourth quarter. Hsbc Holdings PLC now owns 4,837,546 shares of the exchange traded fund’s stock worth $260,792,000 after purchasing an additional 82,833 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of iShares MSCI Spain ETF during the 4th quarter valued at $101,057,000. Bank of Montreal Can bought a new stake in shares of iShares MSCI Spain ETF in the 4th quarter worth $43,669,000. Schroder Investment Management Group raised its stake in shares of iShares MSCI Spain ETF by 3,000.0% in the 4th quarter. Schroder Investment Management Group now owns 527,000 shares of the exchange traded fund’s stock worth $28,516,000 after buying an additional 510,000 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new stake in shares of iShares MSCI Spain ETF in the fourth quarter valued at $25,370,000. Institutional investors and hedge funds own 38.17% of the company’s stock.

iShares MSCI Spain ETF Company Profile

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.