iShares MSCI Mexico ETF (NYSEARCA:EWW) Sets New 1-Year Low – Here’s What Happened

iShares MSCI Mexico ETF (NYSEARCA:EWW) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $48.34 and last traded at $48.56, with a volume of 1520457 shares changing hands. The stock had previously closed at $49.62.

iShares MSCI Mexico ETF Stock Down 2.4 %

The stock has a fifty day moving average of $51.81 and a 200-day moving average of $54.44. The firm has a market capitalization of $1.48 billion, a P/E ratio of 13.53 and a beta of 0.87.

Institutional Trading of iShares MSCI Mexico ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EWW. Truist Financial Corp lifted its stake in iShares MSCI Mexico ETF by 1.9% in the 2nd quarter. Truist Financial Corp now owns 9,416 shares of the exchange traded fund’s stock valued at $533,000 after acquiring an additional 179 shares in the last quarter. Highline Wealth Partners LLC bought a new stake in shares of iShares MSCI Mexico ETF during the 3rd quarter worth approximately $28,000. Centaurus Financial Inc. raised its stake in shares of iShares MSCI Mexico ETF by 30.9% during the 3rd quarter. Centaurus Financial Inc. now owns 2,654 shares of the exchange traded fund’s stock worth $143,000 after purchasing an additional 626 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of iShares MSCI Mexico ETF by 6.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 9,757 shares of the exchange traded fund’s stock worth $524,000 after purchasing an additional 627 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. raised its stake in shares of iShares MSCI Mexico ETF by 1.3% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 49,005 shares of the exchange traded fund’s stock worth $2,774,000 after purchasing an additional 645 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.