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

iShares MSCI Spain ETF (NYSEARCA:EWP) shares saw an uptick in trading volume on Wednesday . 671,997 shares changed hands during mid-day trading, an increase of 112% from the previous session’s volume of 317,448 shares.The stock last traded at $32.70 and had previously closed at $32.46.

iShares MSCI Spain ETF Price Performance

The firm has a market cap of $1.02 billion, a P/E ratio of 12.75 and a beta of 0.76. The firm’s 50-day moving average price is $33.88 and its 200 day moving average price is $33.13.

Institutional Investors Weigh In On iShares MSCI Spain ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Zacks Investment Management increased its stake in iShares MSCI Spain ETF by 194.4% during the third quarter. Zacks Investment Management now owns 59,848 shares of the exchange traded fund’s stock valued at $2,112,000 after purchasing an additional 39,519 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of iShares MSCI Spain ETF during the 3rd quarter valued at about $4,051,000. Wellington Management Group LLP acquired a new stake in iShares MSCI Spain ETF during the third quarter worth about $577,000. Integrated Wealth Concepts LLC bought a new position in iShares MSCI Spain ETF in the third quarter worth about $1,218,000. Finally, Arizona PSPRS Trust bought a new position in iShares MSCI Spain ETF in the third quarter worth about $716,000.

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).