iShares MSCI Spain ETF (NYSEARCA:EWP) Stock Price Cross Below 200 Day Moving Average – What’s Next?

iShares MSCI Spain ETF (NYSEARCA:EWP) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $32.95 and traded as low as $30.95. iShares MSCI Spain ETF shares last traded at $31.05, with a volume of 123,638 shares changing hands.

iShares MSCI Spain ETF Stock Performance

The firm has a 50 day moving average price of $32.66 and a two-hundred day moving average price of $32.95. The company has a market capitalization of $968.76 million, a P/E ratio of 12.75 and a beta of 0.76.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC raised its stake in shares of iShares MSCI Spain ETF by 3.0% in the second quarter. Hsbc Holdings PLC now owns 3,716,853 shares of the exchange traded fund’s stock valued at $116,077,000 after acquiring an additional 108,106 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in iShares MSCI Spain ETF by 3,175.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,027,298 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 995,935 shares in the last quarter. Jane Street Group LLC bought a new position in iShares MSCI Spain ETF in the 3rd quarter valued at $4,051,000. Zacks Investment Management raised its position in iShares MSCI Spain ETF by 194.4% in the 3rd quarter. Zacks Investment Management now owns 59,848 shares of the exchange traded fund’s stock valued at $2,112,000 after purchasing an additional 39,519 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in iShares MSCI Spain ETF in the third quarter worth $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).