Royal Bank of Canada lowered its stake in iShares MSCI Australia ETF (NYSEARCA:EWA – Free Report) by 16.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,418 shares of the exchange traded fund’s stock after selling 31,586 shares during the quarter. Royal Bank of Canada owned approximately 0.36% of iShares MSCI Australia ETF worth $4,592,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Johnson Financial Group Inc. bought a new position in iShares MSCI Australia ETF in the 3rd quarter valued at $32,000. Tower Research Capital LLC TRC increased its holdings in shares of iShares MSCI Australia ETF by 10,333.3% in the second 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 during the period. Nalls Sherbakoff Group LLC purchased a new stake in shares of iShares MSCI Australia ETF in the fourth quarter worth $47,000. Jones Financial Companies Lllp purchased a new stake in shares of iShares MSCI Australia ETF in the first quarter worth $42,000. Finally, Laurel Wealth Advisors LLC bought a new stake in iShares MSCI Australia ETF during the fourth quarter valued at $72,000. 59.69% of the stock is currently owned by institutional investors.
iShares MSCI Australia ETF Stock Down 0.5%
iShares MSCI Australia ETF stock opened at $29.74 on Friday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 19.89 and a beta of 0.97. The business has a 50-day simple moving average of $28.77 and a 200 day simple moving average of $28.86. iShares MSCI Australia ETF has a 52 week low of $24.94 and a 52 week high of $30.48.
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.
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