iShares MSCI Spain ETF (NYSEARCA:EWP) Reaches New 52-Week High – Still a Buy?

Shares of iShares MSCI Spain ETF (NYSEARCA:EWP) reached a new 52-week high during trading on Thursday . The stock traded as high as $39.36 and last traded at $39.30, with a volume of 141740 shares changing hands. The stock had previously closed at $38.87.

iShares MSCI Spain ETF Stock Up 1.0 %

The firm has a market capitalization of $956.92 million, a P/E ratio of 10.94 and a beta of 0.79. The business’s 50 day moving average is $37.05 and its 200-day moving average is $34.31.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EWP. CX Institutional acquired a new stake in shares of iShares MSCI Spain ETF in the first quarter valued at about $31,000. SG Americas Securities LLC lifted its position in shares of iShares MSCI Spain ETF by 40.7% during the 1st quarter. SG Americas Securities LLC now owns 13,851 shares of the exchange traded fund’s stock valued at $527,000 after acquiring an additional 4,009 shares during the period. Kaizen Financial Strategies bought a new position in iShares MSCI Spain ETF during the first quarter worth $232,000. Millennium Management LLC increased its stake in iShares MSCI Spain ETF by 77.2% in the fourth quarter. Millennium Management LLC now owns 22,139 shares of the exchange traded fund’s stock valued at $687,000 after purchasing an additional 9,647 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of iShares MSCI Spain ETF during the fourth quarter valued at about $185,000.

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).