iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Large Volume Increase – Still a Buy?

Shares of iShares MSCI Spain ETF (NYSEARCA:EWPGet Free Report) saw an uptick in trading volume on Tuesday . 236,613 shares were traded during trading, an increase of 39% from the previous session’s volume of 169,780 shares.The stock last traded at $31.73 and had previously closed at $31.68.

iShares MSCI Spain ETF Stock Performance

The stock has a fifty day moving average of $32.49 and a 200-day moving average of $32.95. The company has a market cap of $987.48 million, a PE ratio of 12.75 and a beta of 0.76.

Institutional Trading of iShares MSCI Spain ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC increased its holdings in shares of iShares MSCI Spain ETF by 1,603.8% in the 3rd quarter. FMR LLC now owns 1,806 shares of the exchange traded fund’s stock valued at $64,000 after acquiring an additional 1,700 shares during the period. Sunbelt Securities Inc. purchased a new position in iShares MSCI Spain ETF in the second quarter valued at about $75,000. Wellington Management Group LLP bought a new position in iShares MSCI Spain ETF in the third quarter worth about $577,000. Bank of New York Mellon Corp lifted its position in shares of iShares MSCI Spain ETF by 28.6% during the second quarter. Bank of New York Mellon Corp now owns 10,387 shares of the exchange traded fund’s stock valued at $324,000 after buying an additional 2,307 shares during the last quarter. Finally, DRW Securities LLC bought a new stake in shares of iShares MSCI Spain ETF in the 2nd quarter valued at about $1,025,000.

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).

Further Reading

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