iShares MSCI Mexico ETF (NYSEARCA:EWW) Sees Strong Trading Volume – Time to Buy?

Shares of iShares MSCI Mexico ETF (NYSEARCA:EWW) saw an uptick in trading volume on Friday . 5,366,222 shares were traded during mid-day trading, an increase of 111% from the previous session’s volume of 2,545,569 shares.The stock last traded at $49.28 and had previously closed at $50.02.

iShares MSCI Mexico ETF Stock Down 2.3 %

The stock has a fifty day simple moving average of $49.18 and a 200-day simple moving average of $52.38. The company has a market capitalization of $1.50 billion, a P/E ratio of 13.53 and a beta of 0.87.

Institutional Investors Weigh In On iShares MSCI Mexico ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new position in shares of iShares MSCI Mexico ETF during the 2nd quarter worth about $808,000. Millennium Management LLC grew its holdings in iShares MSCI Mexico ETF by 362.0% during the second quarter. Millennium Management LLC now owns 48,973 shares of the exchange traded fund’s stock valued at $2,772,000 after purchasing an additional 38,373 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in 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 valued at $96,000 after purchasing an additional 1,658 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in iShares MSCI Mexico ETF in the second quarter worth $566,000. Finally, Truist Financial Corp boosted its position in shares of iShares MSCI Mexico ETF by 1.9% during the second quarter. Truist Financial Corp now owns 9,416 shares of the exchange traded fund’s stock worth $533,000 after purchasing an additional 179 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.