iShares MSCI Australia ETF (NYSEARCA:EWA) Hits New 12-Month High – What’s Next?

iShares MSCI Australia ETF (NYSEARCA:EWA) reached a new 52-week high on Friday . The stock traded as high as $29.68 and last traded at $29.6450, with a volume of 1054385 shares trading hands. The stock had previously closed at $29.37.

iShares MSCI Australia ETF Stock Up 1.1%

The company has a market cap of $1.37 billion, a P/E ratio of 19.89 and a beta of 1.04. The company has a fifty day moving average of $27.31 and a 200 day moving average of $26.90.

Institutional Investors Weigh In On iShares MSCI Australia ETF

Several hedge funds and other institutional investors have recently made changes to their positions in EWA. Johnson Financial Group Inc. purchased a new position in shares of iShares MSCI Australia ETF in the third quarter worth approximately $32,000. Tower Research Capital LLC TRC raised its position in iShares MSCI Australia ETF by 10,333.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,565 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 1,550 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of iShares MSCI Australia ETF during the 1st quarter worth $42,000. Simplex Trading LLC bought a new stake in shares of iShares MSCI Australia ETF during the 2nd quarter valued at $71,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Australia ETF in the 4th quarter worth $72,000. Hedge funds and other institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Company Profile

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.