iShares MSCI Spain ETF (NYSEARCA:EWP) Sets New 12-Month High – What’s Next?

iShares MSCI Spain ETF (NYSEARCA:EWP) hit a new 52-week high during trading on Tuesday . The company traded as high as $59.07 and last traded at $59.01, with a volume of 147058 shares traded. The stock had previously closed at $58.30.

iShares MSCI Spain ETF Trading Up 0.3%

The stock has a market capitalization of $1.96 billion, a PE ratio of 10.89 and a beta of 0.67. The firm’s fifty day moving average price is $57.08 and its two-hundred day moving average price is $55.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EWP. Empowered Funds LLC acquired a new position in shares of iShares MSCI Spain ETF during the 1st quarter worth approximately $534,000. EverSource Wealth Advisors LLC raised its position in shares of iShares MSCI Spain ETF by 25.6% in the first quarter. EverSource Wealth Advisors LLC now owns 16,285 shares of the exchange traded fund’s stock valued at $884,000 after buying an additional 3,320 shares during the last quarter. Boreal Capital Management LLC raised its position 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 valued at $171,000 after buying an additional 560 shares during the last quarter. CacheTech Inc. lifted its stake in shares of iShares MSCI Spain ETF by 0.5% in the first quarter. CacheTech Inc. now owns 152,935 shares of the exchange traded fund’s stock worth $8,306,000 after buying an additional 723 shares in the last quarter. Finally, Dorsey Wright & Associates purchased a new stake in iShares MSCI Spain ETF during the 1st quarter valued at about $743,000. Hedge funds and other institutional investors 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.