iShares MSCI Singapore ETF (NYSEARCA:EWS) Sets New 52-Week High – Should You Buy?

iShares MSCI Singapore ETF (NYSEARCA:EWS)’s stock price hit a new 52-week high on Monday . The company traded as high as $25.68 and last traded at $25.58, with a volume of 460970 shares. The stock had previously closed at $25.59.

iShares MSCI Singapore ETF Price Performance

The company has a fifty day simple moving average of $23.68 and a 200-day simple moving average of $22.99. The company has a market cap of $709.78 million, a P/E ratio of 14.22 and a beta of 0.63.

Hedge Funds Weigh In On iShares MSCI Singapore ETF

A number of hedge funds have recently modified their holdings of the stock. Jane Street Group LLC increased its stake in iShares MSCI Singapore ETF by 64.5% in the 1st quarter. Jane Street Group LLC now owns 600,000 shares of the company’s stock worth $14,256,000 after purchasing an additional 235,265 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of iShares MSCI Singapore ETF by 239.0% in the first quarter. Jones Financial Companies Lllp now owns 52,702 shares of the company’s stock worth $1,252,000 after buying an additional 37,155 shares during the period. Sepio Capital LP increased its position in shares of iShares MSCI Singapore ETF by 69.2% in the first quarter. Sepio Capital LP now owns 105,084 shares of the company’s stock worth $2,497,000 after acquiring an additional 42,993 shares in the last quarter. New Vernon Capital Holdings II LLC increased its position in shares of iShares MSCI Singapore ETF by 3,088.3% in the first quarter. New Vernon Capital Holdings II LLC now owns 7,693,749 shares of the company’s stock worth $182,803,000 after acquiring an additional 7,452,439 shares in the last quarter. Finally, Amundi raised its holdings in shares of iShares MSCI Singapore ETF by 37.6% during the first quarter. Amundi now owns 372,900 shares of the company’s stock valued at $8,722,000 after acquiring an additional 101,900 shares during the period.

About iShares MSCI Singapore ETF

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.