iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares MSCI Spain ETF (NYSEARCA:EWP) saw strong trading volume on Thursday . 341,426 shares were traded during mid-day trading, an increase of 5% from the previous session’s volume of 324,559 shares.The stock last traded at $39.19 and had previously closed at $38.73.

iShares MSCI Spain ETF Price Performance

The business has a 50 day simple moving average of $35.96 and a 200 day simple moving average of $34.09. The company has a market cap of $890.56 million, a price-to-earnings ratio of 11.90 and a beta of 0.95.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EWP. FMR LLC lifted its holdings in 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 during the period. SG Americas Securities LLC acquired a new position in shares of iShares MSCI Spain ETF in the 4th quarter valued at $306,000. Wellington Management Group LLP bought a new position in shares of iShares MSCI Spain ETF in the 3rd quarter worth $577,000. Kiker Wealth Management LLC acquired a new stake in shares of iShares MSCI Spain ETF during the fourth quarter worth $3,057,000. Finally, Integrated Wealth Concepts LLC bought a new stake in iShares MSCI Spain ETF in the third quarter valued at about $1,218,000.

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).