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

iShares MSCI Spain ETF (NYSEARCA:EWP) saw unusually-high trading volume on Wednesday . Approximately 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 Stock Up 0.8 %

The business has a 50 day moving average price of $33.97 and a 200 day moving average price of $33.13. The stock has a market cap of $1.02 billion, a PE ratio of 12.75 and a beta of 0.76.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC grew its position in iShares MSCI Spain ETF by 3,175.5% in the second quarter. Strategic Financial Concepts LLC now owns 1,027,298 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 995,935 shares in the last quarter. Jane Street Group LLC lifted its stake in iShares MSCI Spain ETF by 215.8% during the first quarter. Jane Street Group LLC now owns 1,161,463 shares of the exchange traded fund’s stock valued at $37,364,000 after buying an additional 793,688 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of iShares MSCI Spain ETF by 3.0% in the 2nd quarter. Hsbc Holdings PLC now owns 3,716,853 shares of the exchange traded fund’s stock valued at $116,077,000 after purchasing an additional 108,106 shares during the period. Zacks Investment Management lifted its position in shares of iShares MSCI Spain ETF by 194.4% in the third quarter. Zacks Investment Management now owns 59,848 shares of the exchange traded fund’s stock worth $2,112,000 after buying an additional 39,519 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in iShares MSCI Spain ETF in the 3rd quarter valued at $1,218,000.

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).