Legacy Capital Group California Inc. Invests $587,000 in iShares MSCI Mexico ETF $EWW

Legacy Capital Group California Inc. purchased a new position in iShares MSCI Mexico ETF (NYSEARCA:EWW) during the 1st quarter, HoldingsChannel reports. The firm purchased 7,798 shares of the exchange traded fund’s stock, valued at approximately $587,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EWW. Global Assets Advisory LLC lifted its stake in iShares MSCI Mexico ETF by 8.7% in the first quarter. Global Assets Advisory LLC now owns 17,448 shares of the exchange traded fund’s stock valued at $1,313,000 after buying an additional 1,400 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of iShares MSCI Mexico ETF during the first quarter valued at $718,000. Hsbc Holdings PLC grew its position in shares of iShares MSCI Mexico ETF by 20.7% during the first quarter. Hsbc Holdings PLC now owns 9,939 shares of the exchange traded fund’s stock worth $748,000 after acquiring an additional 1,704 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of iShares MSCI Mexico ETF by 15.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,285 shares of the exchange traded fund’s stock worth $999,000 after acquiring an additional 1,750 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of iShares MSCI Mexico ETF by 14.3% in the 1st quarter. Private Advisor Group LLC now owns 5,311 shares of the exchange traded fund’s stock worth $400,000 after acquiring an additional 663 shares during the period.

iShares MSCI Mexico ETF Stock Up 1.6%

Shares of NYSEARCA:EWW opened at $75.34 on Wednesday. The company has a market cap of $1.88 billion, a PE ratio of 12.85 and a beta of 0.77. The company’s 50-day moving average price is $77.03 and its 200 day moving average price is $76.26. iShares MSCI Mexico ETF has a fifty-two week low of $58.87 and a fifty-two week high of $81.65.

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.