iShares MSCI Australia ETF (NYSEARCA:EWA) Reaches New 1-Year High – Here’s What Happened

iShares MSCI Australia ETF (NYSEARCA:EWA)’s share price reached a new 52-week high on Friday . The company traded as high as $29.68 and last traded at $29.6450, with a volume of 1054385 shares traded. The stock had previously closed at $29.37.

iShares MSCI Australia ETF Price Performance

The firm has a market capitalization of $1.37 billion, a P/E ratio of 19.89 and a beta of 1.04. The business has a 50 day moving average price of $27.25 and a 200 day moving average price of $26.88.

Institutional Investors Weigh In On iShares MSCI Australia ETF

Hedge funds have recently modified their holdings of the business. Johnson Financial Group Inc. bought a new position in shares of iShares MSCI Australia ETF during the 3rd quarter worth about $32,000. Tower Research Capital LLC TRC increased its stake in iShares MSCI Australia ETF by 10,333.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,565 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 1,550 shares during the period. Jones Financial Companies Lllp acquired a new position in iShares MSCI Australia ETF in the 1st quarter valued at approximately $42,000. Simplex Trading LLC bought a new stake in shares of iShares MSCI Australia ETF in the 2nd quarter worth approximately $71,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of iShares MSCI Australia ETF in the 4th quarter worth approximately $72,000. 59.69% of the stock is owned by institutional investors.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.