iShares MSCI Singapore ETF (NYSEARCA:EWS) Reaches New 1-Year High – What’s Next?

Shares of iShares MSCI Singapore ETF (NYSEARCA:EWS) hit a new 52-week high on Tuesday . The company traded as high as $34.60 and last traded at $34.3480, with a volume of 859482 shares traded. The stock had previously closed at $34.57.

iShares MSCI Singapore ETF Trading Down 0.7%

The firm has a market capitalization of $1.12 billion, a P/E ratio of 15.28 and a beta of 0.56. The company’s fifty day simple moving average is $32.54 and its 200 day simple moving average is $30.11.

Institutional Investors Weigh In On iShares MSCI Singapore ETF

A number of institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC increased its stake in iShares MSCI Singapore ETF by 2.8% during the 2nd quarter. Advisory Services Network LLC now owns 14,656 shares of the company’s stock valued at $388,000 after purchasing an additional 394 shares in the last quarter. Intesa Sanpaolo Wealth Management purchased a new stake in shares of iShares MSCI Singapore ETF during the 4th quarter valued at about $28,000. Fifth Third Bancorp bought a new stake in shares of iShares MSCI Singapore ETF in the first quarter worth approximately $29,000. Purpose Unlimited Inc. bought a new stake in shares of iShares MSCI Singapore ETF in the fourth quarter worth approximately $35,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of iShares MSCI Singapore ETF by 7.9% during the first quarter. PNC Financial Services Group Inc. now owns 18,609 shares of the company’s stock valued at $525,000 after purchasing an additional 1,369 shares during the last quarter. 52.30% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Singapore ETF Company Profile

iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).