iShares MSCI Australia ETF (NYSEARCA:EWA) Reaches New 52-Week High – Should You Buy?

iShares MSCI Australia ETF (NYSEARCA:EWA)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $28.88 and last traded at $28.83, with a volume of 4265629 shares changing hands. The stock had previously closed at $28.23.

iShares MSCI Australia ETF Trading Up 2.1%

The firm has a market cap of $1.33 billion, a PE ratio of 19.89 and a beta of 1.04. The company has a 50 day moving average price of $26.79 and a 200 day moving average price of $26.72.

Institutional Trading of iShares MSCI Australia ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Johnson Financial Group Inc. acquired a new stake in iShares MSCI Australia ETF during the third quarter worth approximately $32,000. Tower Research Capital LLC TRC increased its position in iShares MSCI Australia ETF by 10,333.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,565 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 1,550 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of iShares MSCI Australia ETF in the first quarter worth $42,000. Simplex Trading LLC purchased a new position in iShares MSCI Australia ETF in the second quarter valued at about $71,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Australia ETF during the 4th quarter valued at about $72,000. 59.69% of the stock is currently owned by hedge funds and other institutional investors.

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.