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

Shares of iShares MSCI Mexico ETF (NYSEARCA:EWW) saw unusually-high trading volume on Monday . Approximately 790,992 shares traded hands during mid-day trading, a decline of 26% from the previous session’s volume of 1,067,677 shares.The stock last traded at $48.13 and had previously closed at $46.84.

iShares MSCI Mexico ETF Stock Down 1.3 %

The stock has a market capitalization of $1.47 billion, a P/E ratio of 13.53 and a beta of 0.87. The firm’s 50 day simple moving average is $50.12 and its two-hundred day simple moving average is $53.43.

Institutional Investors Weigh In On iShares MSCI Mexico ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. grew its position in iShares MSCI Mexico ETF by 334.9% in the 3rd quarter. Principal Financial Group Inc. now owns 50,726 shares of the exchange traded fund’s stock valued at $2,724,000 after purchasing an additional 39,063 shares during the period. Stevens Capital Management LP acquired a new stake in shares of iShares MSCI Mexico ETF in the 3rd quarter worth about $623,000. Stifel Financial Corp raised its holdings in shares of iShares MSCI Mexico ETF by 8.3% in the 3rd quarter. Stifel Financial Corp now owns 83,632 shares of the exchange traded fund’s stock worth $4,492,000 after acquiring an additional 6,386 shares during the last quarter. Quadrature Capital Ltd bought a new position in iShares MSCI Mexico ETF in the 3rd quarter valued at about $9,999,000. Finally, Millburn Ridgefield Corp increased its holdings in iShares MSCI Mexico ETF by 10.6% during the 3rd quarter. Millburn Ridgefield Corp now owns 357,229 shares of the exchange traded fund’s stock worth $19,187,000 after purchasing an additional 34,124 shares in the last quarter.

About iShares MSCI Mexico ETF

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.