iShares MSCI Singapore ETF (NYSEARCA:EWS) Sets New 1-Year High – Here’s Why

iShares MSCI Singapore ETF (NYSEARCA:EWS) hit a new 52-week high during trading on Tuesday . The company traded as high as $34.21 and last traded at $34.17, with a volume of 54462 shares. The stock had previously closed at $33.74.

iShares MSCI Singapore ETF Trading Up 1.3%

The stock has a market capitalization of $1.11 billion, a PE ratio of 15.28 and a beta of 0.55. The company’s 50 day simple moving average is $31.64 and its 200 day simple moving average is $29.71.

Institutional Investors Weigh In On iShares MSCI Singapore ETF

Several hedge funds have recently modified their holdings of EWS. Intesa Sanpaolo Wealth Management purchased a new stake in shares of iShares MSCI Singapore ETF during the 4th quarter valued at $28,000. Fifth Third Bancorp acquired a new stake in iShares MSCI Singapore ETF during the 1st quarter valued at $29,000. Purpose Unlimited Inc. purchased a new stake in shares of iShares MSCI Singapore ETF during the fourth quarter worth about $35,000. Harbour Investments Inc. purchased a new stake in iShares MSCI Singapore ETF during the 4th quarter worth approximately $50,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of iShares MSCI Singapore ETF during the 4th quarter valued at approximately $109,000. 52.30% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Singapore ETF Company Profile

iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).