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

Shares of iShares MSCI Spain ETF (NYSEARCA:EWP) hit a new 52-week high on Wednesday . The stock traded as high as $57.26 and last traded at $57.1520, with a volume of 70443 shares traded. The stock had previously closed at $56.25.

iShares MSCI Spain ETF Trading Up 0.9%

The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 10.89 and a beta of 0.86. The firm’s fifty day moving average price is $54.02 and its 200 day moving average price is $50.48.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC purchased a new stake in iShares MSCI Spain ETF during the second quarter worth about $30,710,000. Tradewinds Capital Management LLC lifted its holdings in iShares MSCI Spain ETF by 126,837.9% during the 2nd quarter. Tradewinds Capital Management LLC now owns 689,273 shares of the exchange traded fund’s stock worth $30,349,000 after buying an additional 688,730 shares in the last quarter. Hsbc Holdings PLC boosted its position in iShares MSCI Spain ETF by 17.0% in the 2nd quarter. Hsbc Holdings PLC now owns 4,389,321 shares of the exchange traded fund’s stock valued at $193,262,000 after buying an additional 639,320 shares during the period. Jane Street Group LLC acquired a new position in shares of iShares MSCI Spain ETF in the second quarter worth $16,165,000. Finally, Bank of Nova Scotia acquired a new position in shares of iShares MSCI Spain ETF in the second quarter worth $13,548,000. 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.