iShares MSCI Australia ETF (NYSEARCA:EWA) Reaches New 1-Year High – Still a Buy?

iShares MSCI Australia ETF (NYSEARCA:EWA) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $30.25 and last traded at $30.21, with a volume of 226562 shares traded. The stock had previously closed at $30.18.

iShares MSCI Australia ETF Price Performance

The stock has a market cap of $1.45 billion, a P/E ratio of 19.89 and a beta of 1.01. The stock has a fifty day simple moving average of $28.77 and a 200-day simple moving average of $27.37.

Institutional Investors Weigh In On iShares MSCI Australia ETF

A number of hedge funds have recently modified their holdings of EWA. Johnson Financial Group Inc. acquired a new stake in shares of iShares MSCI Australia ETF during the third quarter worth about $32,000. Tower Research Capital LLC TRC raised its position in shares of iShares MSCI Australia ETF by 10,333.3% during 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. Jones Financial Companies Lllp acquired a new stake in shares of iShares MSCI Australia ETF during the first quarter worth about $42,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of iShares MSCI Australia ETF during the fourth quarter worth about $47,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Australia ETF during the fourth quarter worth about $72,000. Institutional investors and hedge funds own 59.69% of the company’s stock.

iShares MSCI Australia ETF Company Profile

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.