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

iShares MSCI Spain ETF (NYSEARCA:EWP) shares saw unusually-strong trading volume on Thursday . Approximately 2,410,336 shares were traded during trading, an increase of 953% from the previous session’s volume of 228,883 shares.The stock last traded at $35.25 and had previously closed at $34.91.

iShares MSCI Spain ETF Price Performance

The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 12.75 and a beta of 0.76. The firm has a 50 day moving average price of $32.40 and a 200-day moving average price of $33.13.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Several large investors have recently bought and sold shares of EWP. Millennium Management LLC raised its stake in iShares MSCI Spain ETF by 77.2% during the 4th quarter. Millennium Management LLC now owns 22,139 shares of the exchange traded fund’s stock worth $687,000 after buying an additional 9,647 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of iShares MSCI Spain ETF during the fourth quarter worth about $185,000. Cresset Asset Management LLC raised its position in shares of iShares MSCI Spain ETF by 31.1% during the fourth quarter. Cresset Asset Management LLC now owns 21,765 shares of the exchange traded fund’s stock worth $676,000 after purchasing an additional 5,165 shares during the period. Bank of America Corp DE lifted its stake in iShares MSCI Spain ETF by 162.1% in the fourth quarter. Bank of America Corp DE now owns 118,219 shares of the exchange traded fund’s stock valued at $3,671,000 after buying an additional 73,118 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in shares of iShares MSCI Spain ETF by 10.5% in the fourth quarter. Benjamin Edwards Inc. now owns 16,995 shares of the exchange traded fund’s stock valued at $528,000 after buying an additional 1,613 shares during the period.

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).