Vertex Investment Solutions Co. Ltd. Takes $1.69 Million Position in iShares MSCI Australia ETF $EWA

Vertex Investment Solutions Co. Ltd. acquired a new position in iShares MSCI Australia ETF (NYSEARCA:EWA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 60,000 shares of the exchange traded fund’s stock, valued at approximately $1,688,000. iShares MSCI Australia ETF accounts for 1.1% of Vertex Investment Solutions Co. Ltd.’s investment portfolio, making the stock its 19th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in EWA. Comerica Bank boosted its holdings in shares of iShares MSCI Australia ETF by 21.7% in the first quarter. Comerica Bank now owns 3,627 shares of the exchange traded fund’s stock worth $85,000 after buying an additional 646 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in iShares MSCI Australia ETF during the first quarter valued at approximately $42,000. Cresset Asset Management LLC purchased a new stake in iShares MSCI Australia ETF during the second quarter valued at approximately $221,000. NewEdge Advisors LLC bought a new position in iShares MSCI Australia ETF in the second quarter worth approximately $496,000. Finally, Squarepoint Ops LLC bought a new position in iShares MSCI Australia ETF in the second quarter worth approximately $1,629,000. Hedge funds and other institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Price Performance

Shares of iShares MSCI Australia ETF stock opened at $30.23 on Friday. iShares MSCI Australia ETF has a 1-year low of $24.94 and a 1-year high of $30.48. The company’s fifty day simple moving average is $29.28 and its 200-day simple moving average is $29.03. The stock has a market capitalization of $1.44 billion, a PE ratio of 19.89 and a beta of 0.97.

About iShares MSCI Australia ETF

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.