Wells Fargo & Company MN Lowers Stock Position in iShares MSCI Australia ETF (NYSEARCA:EWA)

Wells Fargo & Company MN lessened its stake in iShares MSCI Australia ETF (NYSEARCA:EWA) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 509,191 shares of the exchange traded fund’s stock after selling 63,028 shares during the period. Wells Fargo & Company MN owned approximately 0.87% of iShares MSCI Australia ETF worth $12,149,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in iShares MSCI Australia ETF in the 3rd quarter worth approximately $34,000. Ping Capital Management Inc. purchased a new position in shares of iShares MSCI Australia ETF during the fourth quarter worth approximately $239,000. Kingswood Wealth Advisors LLC lifted its holdings in shares of iShares MSCI Australia ETF by 8.3% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 11,375 shares of the exchange traded fund’s stock worth $271,000 after acquiring an additional 875 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of iShares MSCI Australia ETF in the 4th quarter worth approximately $354,000. Finally, Promus Capital LLC purchased a new stake in shares of iShares MSCI Australia ETF in the 4th quarter valued at $390,000. Hedge funds and other institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Stock Up 0.3 %

Shares of NYSEARCA:EWA opened at $23.36 on Wednesday. The stock has a market cap of $1.30 billion, a PE ratio of 15.97 and a beta of 1.04. The company’s fifty day moving average is $23.74 and its 200 day moving average is $24.80. iShares MSCI Australia ETF has a 52 week low of $20.51 and a 52 week high of $27.23.

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).