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

Shares of iShares MSCI Spain ETF (NYSEARCA:EWP) saw an uptick in trading volume on Tuesday . 236,613 shares traded hands during mid-day trading, an increase of 39% from the previous session’s volume of 169,780 shares.The stock last traded at $31.73 and had previously closed at $31.68.

iShares MSCI Spain ETF Trading Down 0.1 %

The firm has a market capitalization of $987.48 million, a PE ratio of 12.75 and a beta of 0.76. The firm has a 50 day simple moving average of $32.49 and a 200 day simple moving average of $32.95.

Institutional Trading of iShares MSCI Spain ETF

Institutional investors have recently made changes to their positions in the stock. Mount Lucas Management LP lifted its holdings in shares of iShares MSCI Spain ETF by 4.9% during the 3rd quarter. Mount Lucas Management LP now owns 22,406 shares of the exchange traded fund’s stock valued at $791,000 after buying an additional 1,054 shares during the period. FMR LLC increased its position in iShares MSCI Spain ETF by 1,603.8% during the third quarter. FMR LLC now owns 1,806 shares of the exchange traded fund’s stock valued at $64,000 after acquiring an additional 1,700 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new position in iShares MSCI Spain ETF in the third quarter valued at about $81,000. Bank of New York Mellon Corp boosted its position in iShares MSCI Spain ETF by 28.6% in the second quarter. Bank of New York Mellon Corp now owns 10,387 shares of the exchange traded fund’s stock worth $324,000 after purchasing an additional 2,307 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of iShares MSCI Spain ETF during the 2nd quarter valued at about $75,000.

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).