iShares MSCI Philippines ETF (NYSEARCA:EPHE) Shares Down 0.6% – Should You Sell?

iShares MSCI Philippines ETF (NYSEARCA:EPHE) shares fell 0.6% on Tuesday . The stock traded as low as $26.15 and last traded at $26.24. 150,668 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 159,583 shares. The stock had previously closed at $26.41.

iShares MSCI Philippines ETF Price Performance

The company has a market capitalization of $128.58 million, a PE ratio of 10.44 and a beta of 0.61. The company’s fifty day moving average is $24.83 and its 200-day moving average is $25.57.

Institutional Investors Weigh In On iShares MSCI Philippines ETF

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in iShares MSCI Philippines ETF by 3,416.6% in the first quarter. Royal Bank of Canada now owns 56,265 shares of the company’s stock valued at $1,423,000 after purchasing an additional 54,665 shares during the last quarter. Carrera Capital Advisors lifted its position in shares of iShares MSCI Philippines ETF by 9.1% during the second quarter. Carrera Capital Advisors now owns 90,039 shares of the company’s stock valued at $2,442,000 after buying an additional 7,544 shares during the last quarter. Advisors Preferred LLC bought a new stake in shares of iShares MSCI Philippines ETF in the 2nd quarter valued at about $55,000. Florin Court Capital LLP purchased a new position in shares of iShares MSCI Philippines ETF in the 2nd quarter worth approximately $877,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. bought a new position in shares of iShares MSCI Philippines ETF during the 2nd quarter worth approximately $201,000.

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.