iShares MSCI Hong Kong ETF (NYSEARCA:EWH) Sets New 1-Year High – Here’s What Happened

Shares of iShares MSCI Hong Kong ETF (NYSEARCA:EWH) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $24.28 and last traded at $24.27, with a volume of 726182 shares trading hands. The stock had previously closed at $23.71.

iShares MSCI Hong Kong ETF Trading Up 2.4%

The firm has a market cap of $954.60 million, a price-to-earnings ratio of 14.69 and a beta of 0.39. The company has a fifty day moving average price of $23.29 and a 200-day moving average price of $22.64.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp purchased a new position in shares of iShares MSCI Hong Kong ETF during the first quarter worth about $27,000. Kestra Advisory Services LLC purchased a new position in shares of iShares MSCI Hong Kong ETF during the fourth quarter worth about $27,000. Comerica Bank grew its holdings in shares of iShares MSCI Hong Kong ETF by 59.2% during the third quarter. Comerica Bank now owns 1,770 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 658 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of iShares MSCI Hong Kong ETF by 461.0% during the fourth quarter. Harbour Investments Inc. now owns 3,119 shares of the exchange traded fund’s stock worth $66,000 after buying an additional 2,563 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new position in shares of iShares MSCI Hong Kong ETF during the fourth quarter worth about $80,000. 50.59% of the stock is currently owned by hedge funds and other institutional investors.

About iShares MSCI Hong Kong ETF

iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Hong Kong market, as measured by the MSCI Hong Kong Index (the Index). The Index consists of stocks traded primarily on the Stock Exchange of Hong Kong Limited. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.