iShares MSCI Mexico ETF (NYSEARCA:EWW) Reaches New 52-Week Low – Should You Sell?

iShares MSCI Mexico ETF (NYSEARCA:EWW) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $48.34 and last traded at $48.56, with a volume of 1520457 shares changing hands. The stock had previously closed at $49.62.

iShares MSCI Mexico ETF Stock Performance

The stock has a market cap of $1.50 billion, a P/E ratio of 13.53 and a beta of 0.87. The firm has a 50 day simple moving average of $51.57 and a two-hundred day simple moving average of $54.35.

Institutional Trading of iShares MSCI Mexico ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Highline Wealth Partners LLC acquired a new position in iShares MSCI Mexico ETF during the third quarter worth about $28,000. Northwestern Mutual Wealth Management Co. lifted its stake in iShares MSCI Mexico ETF by 4,737.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,693 shares of the exchange traded fund’s stock valued at $96,000 after purchasing an additional 1,658 shares during the last quarter. Centaurus Financial Inc. boosted its holdings in iShares MSCI Mexico ETF by 30.9% during the third quarter. Centaurus Financial Inc. now owns 2,654 shares of the exchange traded fund’s stock worth $143,000 after buying an additional 626 shares in the last quarter. Headlands Technologies LLC acquired a new position in iShares MSCI Mexico ETF in the second quarter worth approximately $188,000. Finally, Creative Planning bought a new position in shares of iShares MSCI Mexico ETF in the third quarter valued at $209,000.

About iShares MSCI Mexico ETF

iShares MSCI Mexico Capped ETF (the Fund), formerly iShares MSCI Mexico Capped Investable Market Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Mexico IMI 25/50 Index (the Index). The Index consists of stocks traded primarily on the Mexican Stock Exchange.