Cairn Investment Group Inc. Invests $6.82 Million in iShares MSCI Malaysia ETF $EWM

Cairn Investment Group Inc. acquired a new position in iShares MSCI Malaysia ETF (NYSEARCA:EWM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 263,000 shares of the exchange traded fund’s stock, valued at approximately $6,817,000. iShares MSCI Malaysia ETF comprises 3.3% of Cairn Investment Group Inc.’s investment portfolio, making the stock its 9th biggest holding. Cairn Investment Group Inc. owned about 2.64% of iShares MSCI Malaysia ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Bank of Montreal Can increased its holdings in iShares MSCI Malaysia ETF by 96.8% in the second quarter. Bank of Montreal Can now owns 115,604 shares of the exchange traded fund’s stock valued at $2,814,000 after buying an additional 56,859 shares in the last quarter. Fluent Financial LLC raised its holdings in iShares MSCI Malaysia ETF by 201.4% in the 2nd quarter. Fluent Financial LLC now owns 56,173 shares of the exchange traded fund’s stock valued at $1,367,000 after acquiring an additional 37,538 shares during the last quarter. Mount Lucas Management LP purchased a new stake in iShares MSCI Malaysia ETF in the 2nd quarter valued at $813,000. Carrera Capital Advisors boosted its holdings in iShares MSCI Malaysia ETF by 11.8% in the 2nd quarter. Carrera Capital Advisors now owns 282,013 shares of the exchange traded fund’s stock valued at $6,864,000 after purchasing an additional 29,740 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in iShares MSCI Malaysia ETF in the second quarter valued at $648,000. Institutional investors and hedge funds own 86.75% of the company’s stock.

iShares MSCI Malaysia ETF Stock Up 0.3%

Shares of NYSEARCA EWM opened at $28.28 on Friday. The business’s 50 day moving average is $26.98 and its two-hundred day moving average is $25.74. iShares MSCI Malaysia ETF has a 52-week low of $20.80 and a 52-week high of $28.35. The firm has a market cap of $307.69 million, a price-to-earnings ratio of 14.29 and a beta of 0.55.

About iShares MSCI Malaysia ETF

iShares MSCI Malaysia ETF, formerly iShares MSCI Malaysia Index Fund (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 Malaysian market, as measured by the MSCI Malaysia Index (the Index). The Index seeks to measure the performance of the Malaysian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.