iShares MSCI Hong Kong ETF (NYSEARCA:EWH) Hits New 1-Year High – Time to Buy?

iShares MSCI Hong Kong ETF (NYSEARCA:EWH) shares reached a new 52-week high on Monday . The stock traded as high as $23.86 and last traded at $23.9660, with a volume of 1190 shares trading hands. The stock had previously closed at $23.76.

iShares MSCI Hong Kong ETF Stock Up 0.4%

The company’s fifty day moving average price is $22.57 and its two-hundred day moving average price is $21.96. The company has a market cap of $731.63 million, a price-to-earnings ratio of 14.69 and a beta of 0.46.

Hedge Funds Weigh In On iShares MSCI Hong Kong ETF

A number of institutional investors have recently modified their holdings of EWH. Kestra Advisory Services LLC acquired a new position in iShares MSCI Hong Kong ETF during the 4th quarter worth $27,000. Advisors Preferred LLC bought a new position in shares of iShares MSCI Hong Kong ETF during the second quarter worth $28,000. Comerica Bank raised its position in shares of iShares MSCI Hong Kong ETF by 59.2% during the third quarter. Comerica Bank now owns 1,770 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 658 shares during the period. Harbour Investments Inc. boosted its holdings in shares of iShares MSCI Hong Kong ETF by 461.0% in the fourth quarter. Harbour Investments Inc. now owns 3,119 shares of the exchange traded fund’s stock valued at $66,000 after buying an additional 2,563 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of iShares MSCI Hong Kong ETF by 108.3% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,000 shares of the exchange traded fund’s stock valued at $99,000 after purchasing an additional 2,600 shares during the period. 50.59% of the stock is owned by institutional investors.

iShares MSCI Hong Kong ETF Company Profile

iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (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 Hong Kong market, as measured by the MSCI Hong Kong Index (the Index). The Index consists of stocks traded primarily on the Stock Exchange of Hong Kong Limited. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.