iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Unusually-High Trading Volume – Still a Buy?

iShares MSCI Spain ETF (NYSEARCA:EWP) shares saw unusually-strong trading volume on Thursday . Approximately 276,632 shares were traded during trading, a decline of 26% from the previous session’s volume of 372,109 shares.The stock last traded at $37.53 and had previously closed at $37.52.

iShares MSCI Spain ETF Stock Performance

The firm’s 50-day simple moving average is $33.32 and its 200 day simple moving average is $33.46. The stock has a market capitalization of $833.00 million, a P/E ratio of 12.50 and a beta of 0.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its holdings in shares of iShares MSCI Spain ETF by 1,603.8% during the 3rd quarter. FMR LLC now owns 1,806 shares of the exchange traded fund’s stock worth $64,000 after acquiring an additional 1,700 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in iShares MSCI Spain ETF during the fourth quarter worth $61,000. Global Retirement Partners LLC acquired a new position in shares of iShares MSCI Spain ETF in the fourth quarter valued at $88,000. Creative Financial Designs Inc. ADV raised its position in shares of iShares MSCI Spain ETF by 78.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 4,092 shares of the exchange traded fund’s stock valued at $127,000 after purchasing an additional 1,798 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of iShares MSCI Spain ETF during the 4th quarter worth about $185,000.

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).