iShares MSCI Australia ETF (NYSEARCA:EWA) Sets New 12-Month High – Here’s What Happened

iShares MSCI Australia ETF (NYSEARCA:EWA)’s share price hit a new 52-week high on Thursday . The stock traded as high as $30.21 and last traded at $30.16, with a volume of 4294330 shares. The stock had previously closed at $29.58.

iShares MSCI Australia ETF Stock Up 2.0%

The stock has a fifty day simple moving average of $27.54 and a 200 day simple moving average of $26.97. The firm has a market capitalization of $1.39 billion, a P/E ratio of 19.89 and a beta of 1.04.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Johnson Financial Group Inc. bought a new position in iShares MSCI Australia ETF in the 3rd quarter worth approximately $32,000. Tower Research Capital LLC TRC lifted 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 buying an additional 1,550 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of iShares MSCI Australia ETF during the first quarter worth $42,000. Simplex Trading LLC bought a new position in shares of iShares MSCI Australia ETF during the second quarter worth $71,000. Finally, Laurel Wealth Advisors LLC purchased a new position in iShares MSCI Australia ETF during the fourth quarter valued at $72,000. 59.69% of the stock is owned by hedge funds and other institutional investors.

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.