iShares MSCI Hong Kong ETF (NYSEARCA:EWH) Hits New 52-Week High – Still a Buy?

iShares MSCI Hong Kong ETF (NYSEARCA:EWH)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $23.86 and last traded at $23.9660, with a volume of 1190 shares changing hands. The stock had previously closed at $23.76.

iShares MSCI Hong Kong ETF Stock Performance

The company has a market cap of $731.63 million, a P/E ratio of 14.69 and a beta of 0.46. The business’s 50-day moving average price is $22.57 and its 200 day moving average price is $21.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. grew its holdings in iShares MSCI Hong Kong ETF by 37.7% in the 4th quarter. Invesco Ltd. now owns 17,384 shares of the exchange traded fund’s stock valued at $369,000 after buying an additional 4,755 shares in the last quarter. Zacks Investment Management increased its stake in iShares MSCI Hong Kong ETF by 20.9% in the fourth quarter. Zacks Investment Management now owns 102,479 shares of the exchange traded fund’s stock valued at $2,178,000 after acquiring an additional 17,712 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of iShares MSCI Hong Kong ETF during the 4th quarter worth $2,257,000. DV Equities LLC acquired a new position in iShares MSCI Hong Kong ETF during the fourth quarter worth about $3,008,000. Finally, Royal Bank of Canada lifted its stake in iShares MSCI Hong Kong ETF by 22.0% in the 4th quarter. Royal Bank of Canada now owns 257,499 shares of the exchange traded fund’s stock valued at $5,472,000 after purchasing an additional 46,350 shares during the last quarter. Institutional investors and hedge funds own 50.59% of the company’s stock.

iShares MSCI Hong Kong ETF Company Profile

iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Hong Kong market, as measured by the MSCI Hong Kong Index (the Index). The Index consists of stocks traded primarily on the Stock Exchange of Hong Kong Limited. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.