iShares MSCI Philippines ETF (NYSEARCA:EPHE) Stock Jumps 1.6% – Still a Buy?

Shares of iShares MSCI Philippines ETF (NYSEARCA:EPHE) rose 1.6% during trading on Monday. The company traded as high as $23.00 and last traded at $23.00. 145,714 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 154,782 shares. The stock had previously closed at $22.64.

iShares MSCI Philippines ETF Trading Up 1.6%

The firm has a market capitalization of $135.70 million, a price-to-earnings ratio of 10.44 and a beta of 0.55. The company’s 50 day moving average is $24.47 and its 200-day moving average is $24.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in shares of iShares MSCI Philippines ETF by 24.2% during the 1st quarter. Bank of New York Mellon Corp now owns 38,312 shares of the company’s stock worth $951,000 after acquiring an additional 7,467 shares during the last quarter. Sanctuary Advisors LLC boosted its position in iShares MSCI Philippines ETF by 3.5% during the first quarter. Sanctuary Advisors LLC now owns 36,093 shares of the company’s stock worth $896,000 after purchasing an additional 1,225 shares during the period. Hsbc Holdings PLC boosted its position in iShares MSCI Philippines ETF by 9.8% during the first quarter. Hsbc Holdings PLC now owns 111,797 shares of the company’s stock worth $2,776,000 after purchasing an additional 9,982 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of iShares MSCI Philippines ETF in the first quarter valued at $231,000.

iShares MSCI Philippines ETF Company Profile

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.