Hsbc Holdings PLC Lowers Holdings in iShares MSCI Australia ETF $EWA

Hsbc Holdings PLC reduced its holdings in shares of iShares MSCI Australia ETF (NYSEARCA:EWA) by 74.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 451,055 shares of the exchange traded fund’s stock after selling 1,316,341 shares during the period. Hsbc Holdings PLC’s holdings in iShares MSCI Australia ETF were worth $12,521,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of iShares MSCI Australia ETF by 91.2% in the third quarter. JPMorgan Chase & Co. now owns 120,295 shares of the exchange traded fund’s stock worth $3,248,000 after acquiring an additional 57,386 shares in the last quarter. Vertex Investment Solutions Co. Ltd. acquired a new stake in shares of iShares MSCI Australia ETF in the fourth quarter valued at $980,000. Slocum Gordon & Co LLP raised its stake in shares of iShares MSCI Australia ETF by 18.2% in the fourth quarter. Slocum Gordon & Co LLP now owns 126,959 shares of the exchange traded fund’s stock valued at $3,325,000 after acquiring an additional 19,521 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in iShares MSCI Australia ETF in the third quarter valued at $14,811,000. Finally, Krilogy Financial LLC purchased a new position in iShares MSCI Australia ETF in the fourth quarter valued at $7,156,000. 59.69% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Australia ETF Price Performance

Shares of NYSEARCA EWA opened at $28.86 on Thursday. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 19.89 and a beta of 0.97. The stock’s 50-day moving average is $28.57 and its two-hundred day moving average is $28.52. iShares MSCI Australia ETF has a 1-year low of $24.94 and a 1-year high of $30.48.

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.