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

Shares of iShares MSCI Spain ETF (NYSEARCA:EWP) saw unusually-high trading volume on Friday . Approximately 308,651 shares traded hands during mid-day trading, a decline of 1% from the previous session’s volume of 311,309 shares.The stock last traded at $34.15 and had previously closed at $34.18.

iShares MSCI Spain ETF Price Performance

The stock’s 50 day simple moving average is $34.14 and its two-hundred day simple moving average is $32.86. The company has a market capitalization of $1.06 billion, a P/E ratio of 12.75 and a beta of 0.76.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EWP. Strategic Financial Concepts LLC grew its stake 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 during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in iShares MSCI Spain ETF during the 2nd quarter worth approximately $36,000. Sunbelt Securities Inc. acquired a new stake in iShares MSCI Spain ETF during the 2nd quarter worth approximately $75,000. SG Americas Securities LLC bought a new position in iShares MSCI Spain ETF in the second quarter valued at approximately $190,000. Finally, Sanctuary Advisors LLC bought a new position in iShares MSCI Spain ETF in the second quarter valued at approximately $238,000.

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).