iShares MSCI Australia ETF (NYSEARCA:EWA) Stock Price Pass Above Two Hundred Day Moving Average – What’s Next?

iShares MSCI Australia ETF (NYSEARCA:EWA)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $26.57 and traded as high as $26.76. iShares MSCI Australia ETF shares last traded at $26.70, with a volume of 5,337,534 shares changing hands.

iShares MSCI Australia ETF Trading Up 0.9%

The firm has a 50 day moving average price of $26.17 and a 200-day moving average price of $26.57. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 19.89 and a beta of 1.04.

Institutional Trading of iShares MSCI Australia ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. TD Waterhouse Canada Inc. lifted its stake in shares of iShares MSCI Australia ETF by 6.8% during the second quarter. TD Waterhouse Canada Inc. now owns 109,543 shares of the exchange traded fund’s stock valued at $2,884,000 after buying an additional 6,989 shares during the period. Fisher Asset Management LLC acquired a new position in iShares MSCI Australia ETF in the 2nd quarter valued at $3,409,000. Lido Advisors LLC purchased a new position in shares of iShares MSCI Australia ETF during the 2nd quarter worth $1,975,000. Private Trust Co. NA boosted its holdings in shares of iShares MSCI Australia ETF by 5,842.9% during the second quarter. Private Trust Co. NA now owns 2,912 shares of the exchange traded fund’s stock worth $77,000 after purchasing an additional 2,863 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of iShares MSCI Australia ETF by 697.8% in the second quarter. Cetera Investment Advisers now owns 77,152 shares of the exchange traded fund’s stock valued at $2,031,000 after purchasing an additional 67,481 shares during the period. Hedge funds and other 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.