iShares MSCI Australia ETF (NYSEARCA:EWA) Reaches New 1-Year High – Here’s What Happened

iShares MSCI Australia ETF (NYSEARCA:EWA) shares hit a new 52-week high on Monday . The stock traded as high as $27.81 and last traded at $27.8150, with a volume of 610058 shares changing hands. The stock had previously closed at $27.38.

iShares MSCI Australia ETF Stock Performance

The business’s fifty day moving average price is $26.22 and its 200-day moving average price is $26.58. The stock has a market cap of $1.30 billion, a PE ratio of 19.89 and a beta of 1.04.

Institutional Trading of iShares MSCI Australia ETF

Several large investors have recently added to or reduced their stakes in the business. Cadinha & Co. LLC purchased a new stake in iShares MSCI Australia ETF in the 3rd quarter worth $25,349,000. Raymond James Financial Inc. grew its stake in shares of iShares MSCI Australia ETF by 3,134.0% in the 2nd quarter. Raymond James Financial Inc. now owns 778,558 shares of the exchange traded fund’s stock worth $20,492,000 after buying an additional 754,484 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of iShares MSCI Australia ETF in the 3rd quarter worth about $14,811,000. Polianta Ltd purchased a new stake in shares of iShares MSCI Australia ETF during the 3rd quarter valued at about $13,332,000. Finally, Fisher Asset Management LLC lifted its holdings in shares of iShares MSCI Australia ETF by 340.5% in the 3rd quarter. Fisher Asset Management LLC now owns 570,604 shares of the exchange traded fund’s stock valued at $15,406,000 after acquiring an additional 441,077 shares during the last quarter. 59.69% of the stock is currently owned by institutional investors.

iShares MSCI Australia ETF Company Profile

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.