Contravisory Investment Management Inc. Makes New $901,000 Investment in iShares MSCI Spain ETF $EWP

Contravisory Investment Management Inc. purchased a new stake in iShares MSCI Spain ETF (NYSEARCA:EWP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,220 shares of the exchange traded fund’s stock, valued at approximately $901,000.

A number of other institutional investors also recently modified their holdings of the business. Fifth Third Bancorp bought a new position in iShares MSCI Spain ETF in the first quarter valued at about $41,000. Farther Finance Advisors LLC lifted its holdings in shares of iShares MSCI Spain ETF by 156.1% in the third quarter. Farther Finance Advisors LLC now owns 986 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 601 shares during the last quarter. Boreal Capital Management LLC lifted its holdings in shares of iShares MSCI Spain ETF by 21.6% in the first quarter. Boreal Capital Management LLC now owns 3,153 shares of the exchange traded fund’s stock worth $171,000 after acquiring an additional 560 shares during the last quarter. Boltwood Capital Management acquired a new stake in shares of iShares MSCI Spain ETF in the 3rd quarter valued at approximately $211,000. Finally, Wealthfront Advisers LLC boosted its stake in shares of iShares MSCI Spain ETF by 7.2% in the 1st quarter. Wealthfront Advisers LLC now owns 5,298 shares of the exchange traded fund’s stock valued at $288,000 after purchasing an additional 357 shares in the last quarter. Institutional investors and hedge funds own 38.17% of the company’s stock.

iShares MSCI Spain ETF Stock Performance

Shares of EWP traded up $0.30 during mid-day trading on Tuesday, reaching $58.34. The company had a trading volume of 302,483 shares, compared to its average volume of 524,802. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 10.89 and a beta of 0.67. The company’s 50 day simple moving average is $61.31 and its 200 day simple moving average is $58.94. iShares MSCI Spain ETF has a 1-year low of $48.59 and a 1-year high of $63.44.

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.