iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS) Trading 0.2% Higher – Should You Buy?

iShares MSCI China Small-Cap ETF (NYSEARCA:ECNS) traded up 0.2% on Friday . The company traded as high as $30.75 and last traded at $30.68. 21,811 shares changed hands during mid-day trading, a decline of 0% from the average session volume of 21,869 shares. The stock had previously closed at $30.61.

iShares MSCI China Small-Cap ETF Stock Up 0.2%

The stock has a market cap of $75.17 million, a P/E ratio of 13.30 and a beta of 0.38. The business has a 50 day moving average price of $32.77 and a two-hundred day moving average price of $33.87.

Hedge Funds Weigh In On iShares MSCI China Small-Cap ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in iShares MSCI China Small-Cap ETF during the third quarter valued at approximately $1,184,000. Wealthfront Advisers LLC boosted its stake in iShares MSCI China Small-Cap ETF by 27.7% during the third quarter. Wealthfront Advisers LLC now owns 8,394 shares of the company’s stock valued at $331,000 after buying an additional 1,820 shares during the last quarter. OLD Mission Capital LLC boosted its stake in iShares MSCI China Small-Cap ETF by 767.1% during the fourth quarter. OLD Mission Capital LLC now owns 77,099 shares of the company’s stock valued at $2,526,000 after buying an additional 68,207 shares during the last quarter. Susquehanna International Group LLP boosted its stake in iShares MSCI China Small-Cap ETF by 1,454.6% during the third quarter. Susquehanna International Group LLP now owns 238,579 shares of the company’s stock valued at $9,414,000 after buying an additional 223,232 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in iShares MSCI China Small-Cap ETF by 68.5% during the third quarter. Bank of America Corp DE now owns 71,332 shares of the company’s stock valued at $2,815,000 after buying an additional 28,999 shares during the last quarter.

iShares MSCI China Small-Cap ETF Company Profile

The iShares MSCI China Small-Cap ETF (ECNS) is an exchange-traded fund that is based on the MSCI China Small Cap index. The fund tracks an index of small-cap Chinese securities. The fund covers roughly the bottom 14% of Chinese securities by market cap. ECNS was launched on Sep 28, 2010 and is managed by BlackRock.