iShares MSCI Australia ETF (NYSEARCA:EWA) Hits New 52-Week High – Here’s What Happened

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

iShares MSCI Australia ETF Price Performance

The stock’s fifty day simple moving average is $27.25 and its two-hundred day simple moving average is $26.88. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 19.89 and a beta of 1.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. increased its stake in shares of iShares MSCI Australia ETF by 155.2% in the fourth quarter. Invesco Ltd. now owns 27,277 shares of the exchange traded fund’s stock valued at $714,000 after purchasing an additional 16,588 shares during the period. Beacon Pointe Advisors LLC acquired a new stake in iShares MSCI Australia ETF in the 4th quarter valued at approximately $345,000. NewEdge Advisors LLC raised its stake in iShares MSCI Australia ETF by 57.2% during the 4th quarter. NewEdge Advisors LLC now owns 29,266 shares of the exchange traded fund’s stock valued at $766,000 after acquiring an additional 10,646 shares in the last quarter. Zacks Investment Management boosted its position in iShares MSCI Australia ETF by 4.8% during the 4th quarter. Zacks Investment Management now owns 42,981 shares of the exchange traded fund’s stock worth $1,126,000 after acquiring an additional 1,953 shares during the period. Finally, Tudor Investment Corp ET AL raised its stake in shares of iShares MSCI Australia ETF by 31.2% during the fourth quarter. Tudor Investment Corp ET AL now owns 719,708 shares of the exchange traded fund’s stock valued at $18,849,000 after purchasing an additional 171,165 shares in the last quarter. 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.