iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Unusually-High Trading Volume – Still a Buy?

iShares MSCI Spain ETF (NYSEARCA:EWPGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 942,124 shares were traded during trading, an increase of 93% from the previous session’s volume of 487,269 shares.The stock last traded at $49.8630 and had previously closed at $50.13.

iShares MSCI Spain ETF Stock Performance

The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 10.89 and a beta of 0.86. The business’s 50 day moving average price is $48.90 and its 200-day moving average price is $45.61.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EWP. Trek Financial LLC acquired a new stake in iShares MSCI Spain ETF during the 1st quarter valued at $5,934,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in iShares MSCI Spain ETF during the 1st quarter worth $269,000. Mount Lucas Management LP lifted its position in iShares MSCI Spain ETF by 152.6% during the 1st quarter. Mount Lucas Management LP now owns 21,686 shares of the exchange traded fund’s stock worth $825,000 after acquiring an additional 13,101 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of iShares MSCI Spain ETF during the 1st quarter worth about $208,000. Finally, LPL Financial LLC lifted its stake in shares of iShares MSCI Spain ETF by 55.3% in the first quarter. LPL Financial LLC now owns 418,037 shares of the exchange traded fund’s stock valued at $15,910,000 after buying an additional 148,868 shares during the period. Institutional investors and hedge funds own 38.17% of the company’s stock.

About iShares MSCI Spain ETF

(Get Free Report)

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).

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