iShares MSCI Philippines ETF (NYSEARCA:EPHE) Stock Price Up 0.9% – Here’s Why

iShares MSCI Philippines ETF (NYSEARCA:EPHE) shares shot up 0.9% on Thursday . The stock traded as high as $24.89 and last traded at $24.76. 137,379 shares changed hands during trading, a decline of 6% from the average session volume of 146,543 shares. The stock had previously closed at $24.53.

iShares MSCI Philippines ETF Trading Up 0.9%

The company has a market capitalization of $132.47 million, a price-to-earnings ratio of 10.44 and a beta of 0.56. The company has a fifty day moving average of $24.78 and a 200-day moving average of $25.38.

Institutional Investors Weigh In On iShares MSCI Philippines ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Graham Capital Management L.P. purchased a new stake in shares of iShares MSCI Philippines ETF during the fourth quarter worth $3,030,000. Man Group plc acquired a new position in iShares MSCI Philippines ETF during the second quarter worth about $1,657,000. Royal Bank of Canada grew its stake in iShares MSCI Philippines ETF by 3,416.6% during the 1st quarter. Royal Bank of Canada now owns 56,265 shares of the company’s stock valued at $1,423,000 after acquiring an additional 54,665 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in iShares MSCI Philippines ETF during the 3rd quarter valued at about $556,000. Finally, Susquehanna International Group LLP acquired a new stake in iShares MSCI Philippines ETF in the 3rd quarter valued at about $352,000.

iShares MSCI Philippines ETF Company Profile

The iShares MSCI Philippines ETF (EPHE) is an exchange-traded fund that is based on the MSCI Philippines IMI 25\u002F50 index, a free float-adjusted market-cap-weighted index of the broader Filipino equity market. EPHE was launched on Sep 28, 2010 and is managed by BlackRock.