iShares MSCI Australia ETF (NYSEARCA:EWA) Sets New 1-Year High – What’s Next?

iShares MSCI Australia ETF (NYSEARCA:EWA)’s share price reached 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 changing hands. The stock had previously closed at $29.58.

iShares MSCI Australia ETF Stock Performance

The stock has a market cap of $1.39 billion, a P/E ratio of 19.89 and a beta of 1.04. The firm has a 50-day moving average price of $27.71 and a 200-day moving average price of $27.01.

Hedge Funds Weigh In On iShares MSCI Australia ETF

A number of institutional investors have recently added to or reduced their stakes in EWA. Independent Wealth Network Inc. boosted its holdings in shares of iShares MSCI Australia ETF by 1.6% during the 3rd quarter. Independent Wealth Network Inc. now owns 28,904 shares of the exchange traded fund’s stock valued at $780,000 after buying an additional 462 shares in the last quarter. Gould Asset Management LLC CA increased its stake in shares of iShares MSCI Australia ETF by 4.5% in the 3rd quarter. Gould Asset Management LLC CA now owns 11,030 shares of the exchange traded fund’s stock worth $298,000 after acquiring an additional 470 shares in the last quarter. Acima Private Wealth LLC lifted its position in iShares MSCI Australia ETF by 1.1% during the 3rd quarter. Acima Private Wealth LLC now owns 48,773 shares of the exchange traded fund’s stock valued at $1,317,000 after acquiring an additional 528 shares during the period. Family Firm Inc. lifted its position in iShares MSCI Australia ETF by 4.9% during the 2nd quarter. Family Firm Inc. now owns 13,043 shares of the exchange traded fund’s stock valued at $343,000 after acquiring an additional 613 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in shares of iShares MSCI Australia ETF by 7.9% during the third quarter. Global Retirement Partners LLC now owns 8,334 shares of the exchange traded fund’s stock valued at $225,000 after purchasing an additional 613 shares during the last quarter. Institutional investors 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.