Hsbc Holdings PLC Lowers Position in iShares MSCI Australia ETF $EWA

Hsbc Holdings PLC trimmed its holdings in shares of iShares MSCI Australia ETF (NYSEARCA:EWA) by 74.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 451,055 shares of the exchange traded fund’s stock after selling 1,316,341 shares during the quarter. Hsbc Holdings PLC owned 0.97% of iShares MSCI Australia ETF worth $12,521,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EWA. JPMorgan Chase & Co. raised its stake in shares of iShares MSCI Australia ETF by 91.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 120,295 shares of the exchange traded fund’s stock valued at $3,248,000 after acquiring an additional 57,386 shares during the period. Vertex Investment Solutions Co. Ltd. purchased a new position in shares of iShares MSCI Australia ETF during the 4th quarter worth approximately $980,000. Slocum Gordon & Co LLP boosted its position in shares of iShares MSCI Australia ETF by 18.2% during the 4th quarter. Slocum Gordon & Co LLP now owns 126,959 shares of the exchange traded fund’s stock worth $3,325,000 after purchasing an additional 19,521 shares during the period. Tudor Investment Corp ET AL acquired a new stake in iShares MSCI Australia ETF in the 3rd quarter valued at approximately $14,811,000. Finally, Krilogy Financial LLC purchased a new stake in iShares MSCI Australia ETF in the fourth quarter valued at approximately $7,156,000. 59.69% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Australia ETF Stock Up 0.6%

NYSEARCA:EWA opened at $28.86 on Thursday. The stock’s fifty day moving average is $28.57 and its two-hundred day moving average is $28.52. iShares MSCI Australia ETF has a 52 week low of $24.94 and a 52 week high of $30.48. The stock has a market capitalization of $1.35 billion, a price-to-earnings 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.