iShares MSCI Mexico ETF (NYSEARCA:EWW) Reaches New 12-Month Low – Time to Sell?

iShares MSCI Mexico ETF (NYSEARCA:EWW) hit a new 52-week low on Wednesday . The company traded as low as $48.65 and last traded at $48.71, with a volume of 774324 shares changing hands. The stock had previously closed at $48.95.

iShares MSCI Mexico ETF Stock Up 0.4 %

The company’s fifty day moving average price is $52.71 and its 200-day moving average price is $56.06. The stock has a market capitalization of $1.50 billion, a PE ratio of 13.53 and a beta of 0.87.

Hedge Funds Weigh In On iShares MSCI Mexico ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Stevens Capital Management LP bought a new stake in iShares MSCI Mexico ETF during the 3rd quarter valued at about $623,000. Stifel Financial Corp increased its position in shares of iShares MSCI Mexico ETF by 8.3% during the third quarter. Stifel Financial Corp now owns 83,632 shares of the exchange traded fund’s stock valued at $4,492,000 after acquiring an additional 6,386 shares in the last quarter. Quadrature Capital Ltd purchased a new position in iShares MSCI Mexico ETF in the 3rd quarter worth approximately $9,999,000. Millburn Ridgefield Corp lifted its position in iShares MSCI Mexico ETF by 10.6% in the 3rd quarter. Millburn Ridgefield Corp now owns 357,229 shares of the exchange traded fund’s stock valued at $19,187,000 after acquiring an additional 34,124 shares in the last quarter. Finally, Centiva Capital LP boosted its stake in iShares MSCI Mexico ETF by 29.5% during the 3rd quarter. Centiva Capital LP now owns 47,400 shares of the exchange traded fund’s stock valued at $2,546,000 after purchasing an additional 10,800 shares during the last quarter.

iShares MSCI Mexico ETF Company Profile

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.