iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Unusually-High Trading Volume – What’s Next?

iShares MSCI Spain ETF (NYSEARCA:EWP) shares saw unusually-high trading volume on Friday . Approximately 359,624 shares traded hands during trading, a decline of 8% from the previous session’s volume of 391,663 shares.The stock last traded at $44.17 and had previously closed at $44.51.

iShares MSCI Spain ETF Stock Down 0.8%

The firm has a fifty day moving average price of $43.12 and a 200-day moving average price of $38.25. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 10.89 and a beta of 0.89.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CX Institutional acquired a new stake in shares of iShares MSCI Spain ETF in the first quarter worth $31,000. Steward Partners Investment Advisory LLC bought a new position in iShares MSCI Spain ETF during the fourth quarter valued at about $61,000. Creative Financial Designs Inc. ADV raised its holdings in iShares MSCI Spain ETF by 78.4% during 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 buying an additional 1,798 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of iShares MSCI Spain ETF in the fourth quarter valued at about $185,000. Finally, Cetera Investment Advisers acquired a new stake in shares of iShares MSCI Spain ETF in the first quarter valued at about $208,000. 38.17% of the stock is owned by institutional investors.

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).