iShares MSCI Spain ETF (NYSEARCA:EWP) Reaches New 1-Year High – Time to Buy?

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

iShares MSCI Spain ETF Trading Up 1.4 %

The company has a market capitalization of $874.58 million, a PE ratio of 12.50 and a beta of 0.95. The stock has a fifty day moving average of $34.46 and a two-hundred day moving average of $33.71.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC grew its position in 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 acquiring an additional 9,647 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of iShares MSCI Spain ETF in the 4th quarter worth approximately $185,000. Cresset Asset Management LLC grew its position in shares of iShares MSCI Spain ETF by 31.1% in the 4th quarter. Cresset Asset Management LLC now owns 21,765 shares of the exchange traded fund’s stock worth $676,000 after buying an additional 5,165 shares during the last quarter. Bank of America Corp DE grew its position in shares of iShares MSCI Spain ETF by 162.1% in the 4th quarter. Bank of America Corp DE now owns 118,219 shares of the exchange traded fund’s stock worth $3,671,000 after buying an additional 73,118 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its position 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 worth $528,000 after buying an additional 1,613 shares during the last quarter.

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).