Cresset Asset Management LLC Trims Stock Position in iShares MSCI Spain ETF $EWP

Cresset Asset Management LLC trimmed its holdings in iShares MSCI Spain ETF (NYSEARCA:EWP) by 39.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,552 shares of the exchange traded fund’s stock after selling 10,099 shares during the quarter. Cresset Asset Management LLC owned 0.05% of iShares MSCI Spain ETF worth $770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI Spain ETF in the second quarter worth about $30,710,000. Hsbc Holdings PLC raised its position in iShares MSCI Spain ETF by 17.0% during the second quarter. Hsbc Holdings PLC now owns 4,389,321 shares of the exchange traded fund’s stock valued at $193,262,000 after acquiring an additional 639,320 shares in the last quarter. Jane Street Group LLC acquired a new position in iShares MSCI Spain ETF in the second quarter valued at approximately $16,165,000. Bank of Nova Scotia acquired a new position in iShares MSCI Spain ETF in the second quarter valued at approximately $13,548,000. Finally, Principal Financial Group Inc. purchased a new stake in iShares MSCI Spain ETF in the 3rd quarter worth approximately $10,120,000. 38.17% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Spain ETF Price Performance

Shares of NYSEARCA EWP opened at $54.00 on Wednesday. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 10.89 and a beta of 0.86. iShares MSCI Spain ETF has a 12 month low of $33.85 and a 12 month high of $58.32. The firm’s 50 day simple moving average is $55.55 and its 200-day simple moving average is $52.15.

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). The Index seeks to measure the performance of the Spanish equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.