iShares MSCI Spain ETF (NYSEARCA:EWP) Hits New 52-Week High – Here’s Why

iShares MSCI Spain ETF (NYSEARCA:EWP) shares hit a new 52-week high on Monday . The stock traded as high as $36.85 and last traded at $36.75, with a volume of 13919 shares. The stock had previously closed at $36.08.

iShares MSCI Spain ETF Trading Up 1.8 %

The company has a market capitalization of $826.43 million, a P/E ratio of 12.50 and a beta of 0.95. The firm’s 50 day moving average price is $32.97 and its two-hundred day moving average price is $33.37.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Several hedge funds have recently made changes to their positions in EWP. FMR LLC grew its stake in shares of iShares MSCI Spain ETF by 1,603.8% in the third quarter. FMR LLC now owns 1,806 shares of the exchange traded fund’s stock valued at $64,000 after buying an additional 1,700 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of iShares MSCI Spain ETF in the fourth quarter valued at $306,000. Wellington Management Group LLP bought a new position in shares of iShares MSCI Spain ETF in the third quarter valued at $577,000. Integrated Wealth Concepts LLC bought a new position in shares of iShares MSCI Spain ETF in the third quarter valued at $1,218,000. Finally, Benjamin Edwards Inc. bought a new position in shares of iShares MSCI Spain ETF in the third quarter valued at $543,000.

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).