iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Large Volume Increase – Still a Buy?

iShares MSCI Spain ETF (NYSEARCA:EWP) saw an uptick in trading volume on Thursday . 829,882 shares were traded during trading, an increase of 215% from the previous session’s volume of 263,632 shares.The stock last traded at $31.59 and had previously closed at $31.70.

iShares MSCI Spain ETF Trading Down 0.2 %

The company has a 50-day simple moving average of $32.13 and a 200 day simple moving average of $32.94. The company has a market cap of $986.86 million, a P/E ratio of 12.75 and a beta of 0.76.

Institutional Trading of iShares MSCI Spain ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC grew its position 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 buying an additional 1,700 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in iShares MSCI Spain ETF during the 2nd quarter valued at about $75,000. Creative Financial Designs Inc. ADV bought a new stake in shares of iShares MSCI Spain ETF in the 3rd quarter valued at about $81,000. Sanctuary Advisors LLC purchased a new stake in shares of iShares MSCI Spain ETF in the 2nd quarter worth approximately $238,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of iShares MSCI Spain ETF by 28.6% during the second quarter. Bank of New York Mellon Corp now owns 10,387 shares of the exchange traded fund’s stock valued at $324,000 after purchasing an additional 2,307 shares in 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).