iShares MSCI Philippines ETF (NYSEARCA:EPHE) Shares Up 1.6% – Time to Buy?

iShares MSCI Philippines ETF (NYSEARCA:EPHE)’s stock price were up 1.6% on Monday. The company traded as high as $23.00 and last traded at $23.00. Approximately 145,714 shares changed hands during trading, a decline of 6% from the average daily volume of 154,782 shares. The stock had previously closed at $22.64.

iShares MSCI Philippines ETF Price Performance

The firm’s 50 day moving average price is $24.41 and its two-hundred day moving average price is $24.71. The stock has a market cap of $134.01 million, a PE ratio of 10.44 and a beta of 0.55.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its position in shares of iShares MSCI Philippines ETF by 24.2% during the first quarter. Bank of New York Mellon Corp now owns 38,312 shares of the company’s stock worth $951,000 after acquiring an additional 7,467 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of iShares MSCI Philippines ETF by 9.8% in the first quarter. Hsbc Holdings PLC now owns 111,797 shares of the company’s stock worth $2,776,000 after acquiring an additional 9,982 shares during the period. Sanctuary Advisors LLC grew its position in shares of iShares MSCI Philippines ETF by 3.5% in the first quarter. Sanctuary Advisors LLC now owns 36,093 shares of the company’s stock valued at $896,000 after purchasing an additional 1,225 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of iShares MSCI Philippines ETF during the 1st quarter valued at $231,000.

About iShares MSCI Philippines ETF

The iShares MSCI Philippines ETF (EPHE) is an exchange-traded fund that is based on the MSCI Philippines IMI 25\u002F50 index, a free float-adjusted market-cap-weighted index of the broader Filipino equity market. EPHE was launched on Sep 28, 2010 and is managed by BlackRock.