iShares MSCI Mexico ETF (NYSEARCA:EWW) Sets New 52-Week Low – What’s Next?

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

iShares MSCI Mexico ETF Price Performance

The business’s 50 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 P/E 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 company. &PARTNERS boosted its stake in shares of iShares MSCI Mexico ETF by 39.4% during the 2nd quarter. &PARTNERS now owns 10,805 shares of the exchange traded fund’s stock worth $612,000 after acquiring an additional 3,056 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in iShares MSCI Mexico ETF during the first quarter valued at about $74,000. Bank of Montreal Can increased its position in iShares MSCI Mexico ETF by 457.2% in the second quarter. Bank of Montreal Can now owns 91,302 shares of the exchange traded fund’s stock worth $5,169,000 after buying an additional 74,916 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares MSCI Mexico ETF by 4,737.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,693 shares of the exchange traded fund’s stock worth $96,000 after buying an additional 1,658 shares during the period. Finally, Private Wealth Advisors LLC lifted its position in shares of iShares MSCI Mexico ETF by 2.4% during the 2nd quarter. Private Wealth Advisors LLC now owns 52,332 shares of the exchange traded fund’s stock valued at $2,983,000 after buying an additional 1,237 shares in 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.