Shares of iShares MSCI Australia ETF (NYSEARCA:EWA – Get Free Report) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $29.10 and traded as low as $29.05. iShares MSCI Australia ETF shares last traded at $29.08, with a volume of 2,909,092 shares changing hands.
iShares MSCI Australia ETF Stock Down 1.2%
The firm’s 50 day simple moving average is $29.10 and its 200-day simple moving average is $28.90. The company has a market capitalization of $1.23 billion, a PE ratio of 19.89 and a beta of 0.97.
Hedge Funds Weigh In On iShares MSCI Australia ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Vontobel Holding Ltd. purchased a new stake in iShares MSCI Australia ETF during the 3rd quarter worth $29,593,000. Catalyst Capital Advisors LLC increased its holdings in iShares MSCI Australia ETF by 3.8% in the 1st quarter. Catalyst Capital Advisors LLC now owns 847,045 shares of the exchange traded fund’s stock valued at $23,514,000 after purchasing an additional 30,811 shares in the last quarter. Polianta Ltd acquired a new stake in iShares MSCI Australia ETF in the 2nd quarter valued at $16,696,000. Sonoma Allocations LLC acquired a new stake in iShares MSCI Australia ETF in the 2nd quarter valued at $14,139,000. Finally, Bank of America Corp DE raised its position in iShares MSCI Australia ETF by 30.5% in the first quarter. Bank of America Corp DE now owns 443,217 shares of the exchange traded fund’s stock valued at $12,304,000 after purchasing an additional 103,563 shares during the period. Institutional investors and hedge funds own 59.69% of the company’s stock.
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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