iShares MSCI Spain ETF (NYSEARCA:EWP) Reaches New 12-Month High – Here’s Why

iShares MSCI Spain ETF (NYSEARCA:EWP) reached a new 52-week high during trading on Monday . The stock traded as high as $61.79 and last traded at $61.75, with a volume of 13474 shares traded. The stock had previously closed at $61.48.

iShares MSCI Spain ETF Price Performance

The firm has a market cap of $2.12 billion, a P/E ratio of 10.89 and a beta of 0.67. The stock’s 50-day simple moving average is $58.80 and its two-hundred day simple moving average is $56.76.

Hedge Funds Weigh In On iShares MSCI Spain ETF

A number of large investors have recently made changes to their positions in EWP. Brookstone Capital Management raised its position in iShares MSCI Spain ETF by 3.8% in the 4th quarter. Brookstone Capital Management now owns 6,783 shares of the exchange traded fund’s stock worth $366,000 after purchasing an additional 250 shares during the period. Zacks Investment Management lifted its stake in iShares MSCI Spain ETF by 0.5% in the third quarter. Zacks Investment Management now owns 54,858 shares of the exchange traded fund’s stock worth $2,716,000 after purchasing an additional 272 shares during the last quarter. Wealthfront Advisers LLC boosted its position in shares of iShares MSCI Spain ETF by 7.2% during the first quarter. Wealthfront Advisers LLC now owns 5,298 shares of the exchange traded fund’s stock valued at $288,000 after buying an additional 357 shares during the period. Comerica Bank boosted its position in shares of iShares MSCI Spain ETF by 303.9% during the fourth quarter. Comerica Bank now owns 521 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 392 shares during the period. Finally, BOKF NA bought a new position in shares of iShares MSCI Spain ETF during the third quarter valued at approximately $25,000. 38.17% of the stock is owned by hedge funds and other institutional investors.

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.