iShares MSCI Spain ETF (NYSEARCA:EWP) Reaches New 12-Month High – Should You Buy?

iShares MSCI Spain ETF (NYSEARCA:EWP) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $38.13 and last traded at $38.13, with a volume of 33054 shares. The stock had previously closed at $37.82.

iShares MSCI Spain ETF Stock Performance

The stock has a 50 day moving average of $34.18 and a 200-day moving average of $33.64. The company has a market cap of $857.97 million, a PE ratio of 12.50 and a beta of 0.95.

Hedge Funds Weigh In On iShares MSCI Spain ETF

A number of hedge funds have recently bought and sold shares of EWP. Millennium Management LLC boosted its holdings in shares of iShares MSCI Spain ETF by 77.2% during the 4th quarter. Millennium Management LLC now owns 22,139 shares of the exchange traded fund’s stock worth $687,000 after purchasing an additional 9,647 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of iShares MSCI Spain ETF during the 4th quarter valued at approximately $185,000. Cresset Asset Management LLC lifted its holdings in iShares MSCI Spain ETF by 31.1% in the fourth quarter. Cresset Asset Management LLC now owns 21,765 shares of the exchange traded fund’s stock valued at $676,000 after acquiring an additional 5,165 shares during the last quarter. Bank of America Corp DE raised its position in iShares MSCI Spain ETF by 162.1% in the fourth quarter. Bank of America Corp DE now owns 118,219 shares of the exchange traded fund’s stock valued at $3,671,000 after purchasing an additional 73,118 shares during the period. Finally, Benjamin Edwards Inc. lifted its stake in shares of iShares MSCI Spain ETF by 10.5% in the 4th quarter. Benjamin Edwards Inc. now owns 16,995 shares of the exchange traded fund’s stock valued at $528,000 after purchasing an additional 1,613 shares during the last quarter.

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).